Carvana Co Stock Price To Book
| CVNA Stock | USD 121.67 5.17 4.44% |
Carvana Co fundamentals help investors to digest information that contributes to Carvana's financial success or failures. It also enables traders to predict the movement of Carvana Stock. The fundamental analysis module provides a way to measure Carvana's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Carvana stock.
As of May 5, 2024, Price To Book Ratio is expected to decline to 16.82. Carvana | Price To Book |
Carvana Co Company Price To Book Analysis
Carvana's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Carvana Price To Book | 35.96 X |
Most of Carvana's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Carvana Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Carvana Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Carvana is extremely important. It helps to project a fair market value of Carvana Stock properly, considering its historical fundamentals such as Price To Book. Since Carvana's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Carvana's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Carvana's interrelated accounts and indicators.
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Carvana Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Carvana Co has a Price To Book of 35.9638 times. This is much higher than that of the Specialty Retail sector and significantly higher than that of the Consumer Discretionary industry. The price to book for all United States stocks is notably lower than that of the firm.
Carvana Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carvana's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Carvana could also be used in its relative valuation, which is a method of valuing Carvana by comparing valuation metrics of similar companies.Carvana is currently under evaluation in price to book category among related companies.
Carvana Fundamentals
| Return On Equity | -12.69 | ||||
| Return On Asset | 0.0157 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 19.49 B | ||||
| Shares Outstanding | 84.5 M | ||||
| Shares Owned By Insiders | 8.62 % | ||||
| Shares Owned By Institutions | 91.38 % | ||||
| Number Of Shares Shorted | 28.57 M | ||||
| Price To Earning | (11.05) X | ||||
| Price To Book | 35.96 X | ||||
| Price To Sales | 1.24 X | ||||
| Revenue | 10.77 B | ||||
| Gross Profit | 1.25 B | ||||
| EBITDA | 281 M | ||||
| Net Income | 150 M | ||||
| Cash And Equivalents | 666 M | ||||
| Cash Per Share | 6.29 X | ||||
| Total Debt | 6.71 B | ||||
| Current Ratio | 2.38 X | ||||
| Book Value Per Share | 2.48 X | ||||
| Cash Flow From Operations | 803 M | ||||
| Short Ratio | 7.15 X | ||||
| Earnings Per Share | (4.18) X | ||||
| Price To Earnings To Growth | (0.13) X | ||||
| Target Price | 89.75 | ||||
| Number Of Employees | 13.7 K | ||||
| Beta | 3.3 | ||||
| Market Capitalization | 21.61 B | ||||
| Total Asset | 7.07 B | ||||
| Retained Earnings | (1.63 B) | ||||
| Working Capital | 1.78 B | ||||
| Current Asset | 511.72 M | ||||
| Current Liabilities | 268.46 M | ||||
| Net Asset | 7.07 B |
About Carvana Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carvana Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carvana using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carvana Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Carvana
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carvana position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carvana will appreciate offsetting losses from the drop in the long position's value.Moving together with Carvana Stock
| 0.83 | DIBS | 1StdibsCom Earnings Call This Week | PairCorr |
| 0.74 | AN | AutoNation | PairCorr |
Moving against Carvana Stock
| 0.67 | FNKO | Funko Inc Earnings Call This Week | PairCorr |
| 0.64 | LL | LL Flooring Holdings Earnings Call This Week | PairCorr |
| 0.62 | HVT | Haverty Furniture Financial Report 7th of May 2024 | PairCorr |
| 0.59 | EXPE | Expedia Group | PairCorr |
| 0.54 | WINA | Winmark | PairCorr |
The ability to find closely correlated positions to Carvana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carvana when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carvana - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carvana Co to buy it.
The correlation of Carvana is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carvana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carvana moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carvana can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Carvana Piotroski F Score and Carvana Altman Z Score analysis. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Carvana Stock analysis
When running Carvana's price analysis, check to measure Carvana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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Is Carvana's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carvana. If investors know Carvana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carvana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.18) | Revenue Per Share 100.326 | Quarterly Revenue Growth 0.175 | Return On Assets 0.0157 | Return On Equity (12.69) |
The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carvana's market value can be influenced by many factors that don't directly affect Carvana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.