Carvana Co Stock Return On Asset
| CVNA Stock | USD 71.15 1.99 2.88% |
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.
The current year's Return On Assets is expected to grow to 0.07. Carvana | Return On Asset |
Carvana Co Company Return On Asset Analysis
Carvana's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Carvana Return On Asset | -0.0052 |
Most of Carvana's fundamental indicators, such as Return On Asset, 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 Return On Asset 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 Return On Asset. 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.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Carvana Total Assets
Total Assets |
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Based on the latest financial disclosure, Carvana Co has a Return On Asset of -0.0052. This is 100.48% lower than that of the Specialty Retail sector and significantly lower than that of the Consumer Discretionary industry. The return on asset for all United States stocks is 96.29% lower than that of the firm.
Carvana Return On Asset 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 Return On Asset 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 return on asset category among related companies.
Carvana Fundamentals
| Return On Equity | -12.69 | ||||
| Return On Asset | -0.0052 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 13.29 B | ||||
| Shares Outstanding | 84.5 M | ||||
| Shares Owned By Insiders | 8.83 % | ||||
| Shares Owned By Institutions | 91.17 % | ||||
| Number Of Shares Shorted | 29.16 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 | 2.13 X | ||||
| Cash Flow From Operations | 803 M | ||||
| Short Ratio | 5.42 X | ||||
| Earnings Per Share | (4.18) X | ||||
| Price To Earnings To Growth | (0.13) X | ||||
| Target Price | 62.25 | ||||
| Number Of Employees | 13.7 K | ||||
| Beta | 3.3 | ||||
| Market Capitalization | 12.64 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
| 0.86 | W | Wayfair Sell-off Trend | PairCorr |
| 0.81 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against Carvana Stock
| 0.9 | AAN | Aarons Financial Report 22nd of April 2024 | PairCorr |
| 0.82 | BQ | Boqii Holding Limited | PairCorr |
| 0.76 | BGI | Birks Group | PairCorr |
| 0.73 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.68 | BIG | Big Lots Financial Report 24th of May 2024 | 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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 98.525 | Quarterly Revenue Growth (0.15) | Return On Assets (0.01) | 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.