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Carvana (CVNA) Stock Moves -2.65%: What You Should Know
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Carvana (CVNA - Free Report) closed the most recent trading day at $65.40, moving -2.65% from the previous trading session. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Shares of the company have depreciated by 7.12% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 3.54%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Carvana in its upcoming release. The company's earnings per share (EPS) are projected to be $0.5, reflecting a 138.1% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.63 billion, indicating a 35.14% increase compared to the same quarter of the previous year.
CVNA's full-year Zacks Consensus Estimates are calling for earnings of $1.68 per share and revenue of $29.02 billion. These results would represent year-over-year changes of -0.59% and +42.82%, respectively.
Investors should also note any recent changes to analyst estimates for Carvana. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Carvana possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Carvana currently has a Forward P/E ratio of 40.08. This expresses a premium compared to the average Forward P/E of 16.42 of its industry.
It's also important to note that CVNA currently trades at a PEG ratio of 1.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.22.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Carvana (CVNA) Stock Moves -2.65%: What You Should Know
Carvana (CVNA - Free Report) closed the most recent trading day at $65.40, moving -2.65% from the previous trading session. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Shares of the company have depreciated by 7.12% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 3.54%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Carvana in its upcoming release. The company's earnings per share (EPS) are projected to be $0.5, reflecting a 138.1% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.63 billion, indicating a 35.14% increase compared to the same quarter of the previous year.
CVNA's full-year Zacks Consensus Estimates are calling for earnings of $1.68 per share and revenue of $29.02 billion. These results would represent year-over-year changes of -0.59% and +42.82%, respectively.
Investors should also note any recent changes to analyst estimates for Carvana. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Carvana possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Carvana currently has a Forward P/E ratio of 40.08. This expresses a premium compared to the average Forward P/E of 16.42 of its industry.
It's also important to note that CVNA currently trades at a PEG ratio of 1.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.22.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.