How to Buy Carvana Co Stock
Carvana Co
Carvana Co is a auto & truck dealership company located in Arizona, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CVNA on the NYSE exchange.
Carvana Co stock last closed at $75.35, down 0.36% from the previous day, and has increased 800.24% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 8.33 percentage points. Carvana Co stock is currently +1,024.63% from its 52-week low of $6.70, and -19.87% from its 52-week high of $94.04.
There are currently 201.9M shares of CVNA outstanding. The market cap of CVNA is $15.21B. In the last 24 hours, 2.66M CVNA shares were traded.
How to Buy Carvana Co Stock
Wondering how to invest in Carvana Co stock? Here's how.
- Choose where to buy Carvana Co stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Carvana Co stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your details.
- Analyze Carvana Co stock: The Carvana Co ticker symbol is CVNA. Is Carvana Co stock a good investment? Should you buy shares of CVNA? How do CVNA's underlying business fundamentals look? Do top analysts think Carvana Co is a good buy? Why has CVNA's stock price moved recently? (Hint: Our stock market research website can help you decide if CVNA is a good stock to buy).
- Execute your CVNA buy order: Decide if you will purchase CVNA shares at the current market price or use a limit order to purchase CVNA shares at a given price.
- Watch your investment in CVNA: Create a watchlist to keep tabs on your position in Carvana Co shares.
Step 1: Choose where to buy Carvana Co stock
You need a brokerage account in order to access the NYSE market and buy CVNA stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you can buy CVNA today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on apps for stocks, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring funds into your brokerage account.
Step 4: Analyze Carvana Co stock
After you have decided on the best place to buy Carvana Co stock, it's absolutely critical to analyze their stock prior to buying, so you actually wrap your head around the risk and upside.
Carvana Co shares at a glance
CVNA Fundamentals
WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on CVNA's stock page.
What is the fair value of CVNA stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CVNA's intrinsic value.
Using relative valuations metrics:
- CVNA could be overvalued based on its P/E ratio of 18.29x, relative to Auto & Truck Dealerships industry P/E ratio of 12.08x
- CVNA may be overvalued based on its P/B ratio of 62.61x, relative to Auto & Truck Dealerships industry P/B ratio of 2.34x
- CVNA could be undervalued based on its PEG ratio of 0.55x
You can do more valuation research on CVNA's stock here.
CVNA Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the CVNA balance sheet.
- CVNA profit margin has gone up from -11.7% to 4.2% in the past year.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the CVNA balance sheet.
- CVNA earnings of $1.11B is not enough to cover its interest payments.
- CVNA's operating cash flow of $803.00M allows it to safely service it's debt of $6.71B.
- Total CVNA debt is higher than 5 years ago, relative to shareholder equity.
- CVNA has a relatively high debt to equity ratio of 30.68.
Is it a good time to buy Carvana Co stock, according to analysts?
Out of 9 sell side analysts who research CVNA, the consensus analyst rating on CVNA is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest CVNA Analyst Recommendations
Brad Erickson, a top 5% analyst from RBC Capital upgrades CVNA to a hold rating and raises their CVNA price target from $45.00 to $90.00, on Mar 8, 2024.
Adam Jonas, a top 4% analyst from Morgan Stanley maintains CVNA with a strong sell rating and raises their CVNA price target from $32.00 to $45.00, on Feb 26, 2024.
Seth Basham, a top 19% analyst from Wedbush maintains CVNA with a hold rating and raises their CVNA price target from $50.00 to $60.00, on Feb 23, 2024.
Alexander Potter, a top 3% analyst from Piper Sandler maintains CVNA with a hold rating and lowers their CVNA price target from $48.00 to $38.00, on Nov 6, 2023.
You can dive deeper into what analysts are saying on the Carvana Co stock forecast page.
Metrics for Advanced CVNA Traders
How is CVNA performing as a company?
Last year, CVNA revenue was $10.77B. During the past five year, CVNA's revenue has gone up by 40.67% per year. This was faster than the Auto & Truck Dealerships industry average of 17.95%.
Dive into CVNA's earnings and revenue performance here.
What are CVNA insiders up to?
In the last 12 months, insiders at CVNA have bought more shares than they have sold.
Ernest C. Garcia Ii, 10% Owner of CVNA, was the latest CVNA insider to sell. They sold $4,006,500.00 worth of CVNA stock on Apr 11, 2024.
Get more info about who owns CVNA shares here.
Can I rely on CVNA as an income stream?
No, Carvana Co doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Execute your CVNA buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Press the Open button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in CVNA
Now that you own some CVNA stock, you'll want to keep up with your shares.
Start a watchlist to track your CVNA stock.
CVNA Feed
How to Buy Stock in Carvana Co
To summarize, here are the 6 steps to buy Carvana Co stock:
- Choose where to buy Carvana Co stock
- Open a brokerage account
- Fund your brokerage account
- Analyze Carvana Co stock
- Execute your CVNA buy order
- Watch your investment in CVNA
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Carvana Co, hit the button below to create your watchlist.
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