Carvana Invested Capital Average vs Average Equity Analysis

CVNA -  USA Stock  

USD 32.88  2.17  6.19%

Carvana Co financial indicator trend analysis is way more than just evaluating Carvana Co Cl prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carvana Co Cl is a good investment. Please check the relationship between Carvana Co Invested Capital Average and its Average Equity accounts. Continue to Trending Equities.

Invested Capital Average vs Average Equity

Accounts Relationship

Invested Capital Average vs Average Equity

Significance: Almost Identical Trend

Invested Capital Average diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Carvana Co Cl Invested Capital Average account and Average Equity

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Invested Capital Average

Average invested capital value for the period used in the calculation of [ROIC]; and derived from [InvCap]. Invested capital is an input into the calculation of [ROIC]; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.
Most indicators from Carvana Co fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carvana Co Cl current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Carvana Co Selling General and Administrative Expense is projected to increase significantly based on the last few years of reporting. The past year's Selling General and Administrative Expense was at 2.03 Billion. The current year Issuance Purchase of Equity Shares is expected to grow to about 2.1 M, whereas Net Cash Flow Business Acquisitions and Disposals is forecasted to decline to (6.5 M).
 2019 2020 2021 2022 (projected)
Revenues USD3.94 B5.59 B12.81 B13.83 B
Revenues3.94 B5.59 B12.81 B13.83 B

Carvana Co fundamental ratios Correlations

1.00.810.70.680.730.660.670.580.70.76-0.70.660.750.750.670.620.70.730.740.66
1.00.850.710.70.750.670.680.590.720.78-0.720.670.770.770.690.640.720.740.760.68
0.810.850.660.640.70.570.630.520.690.74-0.680.620.730.730.640.570.690.70.70.63
0.70.710.661.01.00.981.00.961.00.83-0.971.00.980.981.00.981.01.01.01.0
0.680.70.641.00.990.981.00.970.990.82-0.971.00.980.981.00.981.00.990.991.0
0.730.750.71.00.990.980.990.941.00.86-0.980.990.990.990.990.961.01.01.00.99
0.660.670.570.980.980.980.980.930.980.86-0.960.980.950.950.980.950.980.980.980.98
0.670.680.631.01.00.990.980.980.990.8-0.961.00.980.981.00.990.990.990.991.0
0.580.590.520.960.970.940.930.980.940.67-0.890.980.920.920.971.00.940.940.930.96
0.70.720.691.00.991.00.980.990.940.85-0.980.990.990.990.990.961.01.01.00.99
0.760.780.740.830.820.860.860.80.670.85-0.880.790.850.850.80.720.850.860.870.82
-0.7-0.72-0.68-0.97-0.97-0.98-0.96-0.96-0.89-0.98-0.88-0.96-0.98-0.98-0.96-0.92-0.98-0.98-0.99-0.96
0.660.670.621.01.00.990.981.00.980.990.79-0.960.970.971.00.990.990.990.981.0
0.750.770.730.980.980.990.950.980.920.990.85-0.980.971.00.980.950.990.990.990.97
0.750.770.730.980.980.990.950.980.920.990.85-0.980.971.00.980.950.990.990.990.97
0.670.690.641.01.00.990.981.00.970.990.8-0.961.00.980.980.990.990.990.991.0
0.620.640.570.980.980.960.950.991.00.960.72-0.920.990.950.950.990.970.960.960.98
0.70.720.691.01.01.00.980.990.941.00.85-0.980.990.990.990.990.971.01.00.99
0.730.740.71.00.991.00.980.990.941.00.86-0.980.990.990.990.990.961.01.00.99
0.740.760.71.00.991.00.980.990.931.00.87-0.990.980.990.990.990.961.01.00.99
0.660.680.631.01.00.990.981.00.960.990.82-0.961.00.970.971.00.980.990.990.99
Click cells to compare fundamentals

Carvana Co Account Relationship Matchups

Carvana Co fundamental ratios Accounts

201720182019202020212022 (projected)
Total Assets641.14 M991.01 M2.06 B3.04 B7.01 B7.57 B
Current Assets489.72 M662.85 M1.36 B1.92 B4.89 B5.28 B
Assets Non Current151.42 M328.16 M698.33 M1.11 B2.12 B2.29 B
Cash and Equivalents187.12 M88.71 M118.46 M329 M636 M686.21 M
Cash and Equivalents USD187.12 M88.71 M118.46 M329 M636 M686.21 M
Total Debt302.39 M633.45 M1.62 B1.87 B5.77 B6.23 B
Debt Current253.92 M208.1 M617.57 M105 M2.21 B2.38 B
Debt Non Current48.47 M425.35 M999.13 M1.76 B3.57 B3.85 B
Total Debt USD302.39 M633.45 M1.62 B1.87 B5.77 B6.23 B
Shareholders Equity125.74 M79.69 M98.11 M388 M306 M330.16 M
Shareholders Equity USD125.74 M79.69 M98.11 M388 M306 M330.16 M
Inventory227.45 M412.24 M762.7 M1.04 B3.15 B3.4 B
Investments45.56 M105.2 M385.75 M406 M738 M796.26 M
Investments Current45.56 M105.2 M385.75 M406 M738 M796.26 M
Total Liabilities361.59 M763.59 M1.87 B2.23 B6.49 B7 B
Current Liabilities306.03 M329.51 M864.87 M467 M2.89 B3.12 B
Liabilities Non Current55.56 M434.07 M1 B1.77 B3.6 B3.88 B
Trade and Non Trade Payables52.11 M121.42 M234.44 M342 M656 M707.79 M
Property Plant and Equipment Net148.68 M296.84 M666.89 M1.06 B1.93 B2.08 B
Trade and Non Trade Receivables14.11 M33.12 M39.86 M79 M206 M222.26 M

Carvana Co Investors Sentiment

The influence of Carvana Co's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carvana. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Carvana Co Implied Volatility

    
  253.34  
Carvana Co's implied volatility exposes the market's sentiment of Carvana Co Cl stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carvana Co's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carvana Co stock will not fluctuate a lot when Carvana Co's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Carvana Co in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Carvana Co's short interest history, or implied volatility extrapolated from Carvana Co options trading.

Current Sentiment - CVNA

Carvana Co Cl Investor Sentiment

Most of Macroaxis users are currently bullish on Carvana Co Cl. What is your opinion about investing in Carvana Co Cl? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Carvana Co 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 Co 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 Co - 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 Cl to buy it.
The correlation of Carvana Co is a statistical measure of how it moves in relation to other equities. 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 Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carvana Co Cl 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 Co 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.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Carvana Co Cl price analysis, check to measure Carvana Co'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 Co is operating at the current time. Most of Carvana Co's value examination focuses on studying past and present price action to predict the probability of Carvana Co's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Carvana Co's price. Additionally, you may evaluate how the addition of Carvana Co to your portfolios can decrease your overall portfolio volatility.
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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.