Carvana Piotroski F Score

CVNA -  USA Stock  

USD 141.37  0.42  0.30%

This module uses fundamental data of Carvana Co to approximate its Piotroski F score. Carvana Co F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Carvana Co Cl. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Carvana Co financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Carvana Co Altman Z Score, Carvana Co Correlation, Carvana Co Valuation, as well as analyze Carvana Co Alpha and Beta and Carvana Co Hype Analysis.

Carvana Piotroski F Score 

 
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The current year Total Debt is expected to grow to about 2.3 B. The current year Debt Current is expected to grow to about 123.9 M. Carvana Co Long Term Debt to Equity is projected to increase based on the last few years of reporting. The past year's Long Term Debt to Equity was at 5.21. The current year PPandE Turnover is expected to grow to 10.41, whereas Inventory Turnover is forecasted to decline to 4.30.
At this time, it appears that Carvana Co's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score - Frail
1
Current Return On Assets
Negative
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
Negative
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

Carvana Co Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Carvana Co is to make sure Carvana is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Carvana Co's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Carvana Co's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares188.8 M197.5 M
Sufficiently Down
Increasing
Slightly volatile
Weighted Average Shares Diluted35.5 M34.5 M
Fairly Up
Decreasing
Slightly volatile
Total Assets3.8 B3.5 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities2.8 B2.6 B
Significantly Up
Increasing
Slightly volatile
Current Assets2.4 B2.2 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities498.3 M537 M
Significantly Down
Increasing
Slightly volatile
Total Debt2.3 B2.2 B
Significantly Up
Increasing
Slightly volatile
Gross Margin0.170.16
Notably Up
Increasing
Slightly volatile
Asset Turnover2.442.45
Slightly Down
Increasing
Slightly volatile

Carvana Co Cl F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Carvana Co's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Carvana Co in a much-optimized way.

About Carvana Co Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

2.81Share
Carvana Co Book Value per Share is projected to slightly grow based on the last few years of reporting. The past year's Book Value per Share was at 2.60

About Carvana Co Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Carvana Co Cl's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carvana Co using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carvana Co Cl 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.
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company was founded in 2012 and is headquartered in Tempe, Arizona. Carvana Co operates under Internet Retail classification in the United States and is traded on New York Stock Exchange. It employs 10400 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carvana Co without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Carvana Co

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 Co 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 Co will appreciate offsetting losses from the drop in the long position's value.

Carvana Co Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Carvana Co and Mercadolibre. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Carvana Co Altman Z Score, Carvana Co Correlation, Carvana Co Valuation, as well as analyze Carvana Co Alpha and Beta and Carvana Co Hype Analysis. Note that the Carvana Co Cl information on this page should be used as a complementary analysis to other Carvana Co's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

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Is Carvana Co'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 Co. 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 Co listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Carvana Co Cl 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 Co's value that differs from its market value or its book value, called intrinsic value, which is Carvana Co'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 Co's market value can be influenced by many factors that don't directly affect Carvana Co'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 Co's value and its price as these two are different measures arrived at by different means. Investors typically determine Carvana Co value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana Co'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.