NASDAQ:CRVL

CorVel (CRVL) Stock Forecast, Price & News

$204.51

+9.34 (+4.79%)

(As of 06/2/2023 ET)

Compare

Today's Range: $196.96
▼
$205.25
50-Day Range: $188.84
▼
$221.04
52-Week Range: $129.19
▼
$221.82

Volume: 32,040 shs
Average Volume: 32,182 shs
Market Capitalization: $3.51 billion

P/E Ratio: 54.25
Dividend Yield: N/A
Price Target: N/A

CorVel MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
2.69% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.17
Based on 3 Articles This Week
Insider Trading: Selling Shares
$7.77 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Business Services Sector

226th out of 337 stocks

Insurance Agents, Brokers, & Service Industry

11th out of 17 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for CorVel.

2.0

Short Interest

Percentage of Shares Shorted
2.69% of the float of CorVel has been sold short.
Short Interest Ratio / Days to Cover
CorVel has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in CorVel has recently increased by 3.51%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
CorVel does not currently pay a dividend.
Dividend Growth
CorVel does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CRVL.

3.4

News and Social Media Coverage

News Sentiment
CorVel has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CorVel this week, compared to 2 articles on an average week.
MarketBeat Follows
3 people have added CorVel to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CorVel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,765,709.00 in company stock.
Percentage Held by Insiders
48.56% of the stock of CorVel is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.75% of the stock of CorVel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CorVel is 54.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of CorVel is 54.25, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 261.95.
Price to Book Value per Share Ratio
CorVel has a P/B Ratio of 17.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CorVel (NASDAQ:CRVL) Stock

CorVel Corp. engages in the provision of workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies. It operates through the Managed Care segment. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Irvine, CA.

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CRVL Stock News Headlines

May 25, 2023 | finanznachrichten.de

CorVel Corp.: CorVel Announces Revenues and Earnings

May 9, 2023 | americanbankingnews.com

Head-To-Head Analysis: CorVel (NASDAQ:CRVL) and Tingo Group (NASDAQ:TIO)

June 4, 2023 | Behind the Markets (Ad)

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May 1, 2023 | finance.yahoo.com

CorVel Announces First Generative AI Initiative to Transform Claims and Case Management

April 28, 2023 | seekingalpha.com

CorVel Corporation: Best Nearby Insurance Cap-Gain Stock Wealth Builder Prospect

April 19, 2023 | americanbankingnews.com

CorVel (NASDAQ:CRVL) Hits New 12-Month High at $199.10

April 12, 2023 | finance.yahoo.com

CorVel Launches Pharmacy Technician Certification (CPhT) Test Preparation Program

April 9, 2023 | americanbankingnews.com

CorVel Co. (NASDAQ:CRVL) Major Shareholder Sells $1,925,000.00 in Stock

June 4, 2023 | Behind the Markets (Ad)

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April 2, 2023 | finance.yahoo.com

Is CorVel Corporation's (NASDAQ:CRVL) Recent Stock Performance Tethered To Its Strong Fundamentals?

March 25, 2023 | americanbankingnews.com

Insider Selling: CorVel Co. (NASDAQ:CRVL) Major Shareholder Sells $1,885,000.00 in Stock

March 24, 2023 | americanbankingnews.com

Insider Selling: CorVel Co. (NASDAQ:CRVL) Major Shareholder Sells $3,198,603.84 in Stock

February 27, 2023 | finance.yahoo.com

Those who invested in CorVel (NASDAQ:CRVL) five years ago are up 277%

January 22, 2023 | nz.finance.yahoo.com

Why You Should Care About CorVel's (NASDAQ:CRVL) Strong Returns On Capital

November 9, 2022 | finance.yahoo.com

CorVel Second Quarter 2023 Earnings: EPS: US$0.84 (vs US$0.90 in 2Q 2022)

October 19, 2022 | gurufocus.com

CorVel Announces Quarterly Ear - GuruFocus.com

October 18, 2022 | benzinga.com

CorVel Announces Quarterly Earnings Release Webcast - CorVel (NASDAQ:CRVL) - Benzinga

October 12, 2022 | finance.yahoo.com

Bass Pro and CorVel Named Risk Management Team of the Year by Business Insurance - Yahoo Finance

October 11, 2022 | globenewswire.com

Bass Pro and CorVel Named Risk Management Team of the Year by Business Insurance - GlobeNewswire

October 11, 2022 | finance.yahoo.com

Bass Pro and CorVel Named Risk Management Team of the Year by Business Insurance

October 6, 2022 | marketwatch.com

Open Lending Corp. Names Keith Jezek as CEO - MarketWatch

October 6, 2022 | marketwatch.com

Canopy Growth Corp. stock rises Thursday, outperforms market - MarketWatch

October 6, 2022 | marketwatch.com

Carnival Corp. stock falls Thursday, underperforms market - MarketWatch

October 6, 2022 | globenewswire.com

KRTL International Corp. and Cannabis Global Inc. Form Global Strategic Alliance - GlobeNewswire

October 6, 2022 | prnewswire.com

Bowlero Corp Strengthens Its Position in Wisconsin and Expands in California - PR Newswire

September 29, 2022 | finance.yahoo.com

"Breakthrough Solutions for the Mental Health Epidemic" Set for October 19 at the 2022 National Workers’ Compensation and Disability Conference - Yahoo Finance

September 27, 2022 | benzinga.com

Payment Integrity Leader CERIS Promotes Two Executives to Senior Management Roles - CorVel (NASDAQ:CRVL) - Benzinga

See More Headlines

CRVL Price History

30 days | 90 days | 365 days | Advanced Chart

CRVL Company Calendar

Last Earnings: 5/27/2020
Today: 6/04/2023
Next Earnings (Estimated): 8/01/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Insurance agents, brokers, & service
Sub-Industry: Health Care Services
Sector: Business Services
Current Symbol: NASDAQ:CRVL
CUSIP: 22100610
CIK: 874866
Web: www.corvel.com
Phone: (817) 390-1416
Fax: 949-851-1469
Employees: 4,233
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.77
Trailing P/E Ratio: 54.25
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $66.36 million
Net Margins: 9.24%
Pretax Margin: 11.77%
Return on Equity: 33.16%
Return on Assets: 16.42%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.45
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: $718.56 million
Price / Sales: 4.88
Cash Flow: $5.33 per share
Price / Cash Flow: 38.36
Book Value: $11.79 per share
Price / Book: 17.35

Miscellaneous

Outstanding Shares: 17,140,000
Free Float: 8,818,000
Market Cap: $3.51 billion
Optionable: Optionable
Beta: 1.07

Key Executives

Michael G. Combs
President & Chief Executive Officer

Brandon T. O’Brien
Chief Financial Officer

Maxim Shishin
Chief Information Officer

Melissa Storan
Vice President-Marketing

Jason Wheeler
Vice President-National Sales & Account Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRVL Stock - Frequently Asked Questions

How have CRVL shares performed in 2023?: CorVel's stock was trading at $145.33 on January 1st, 2023. Since then, CRVL stock has increased by 40.7% and is now trading at $204.51.
View the best growth stocks for 2023 here.
When is CorVel's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CRVL earnings forecast.
How were CorVel's earnings last quarter?: CorVel Co. (NASDAQ:CRVL) issued its quarterly earnings results on Wednesday, May, 27th. The business services provider reported $0.64 EPS for the quarter. The business services provider had revenue of $147.02 million for the quarter. CorVel had a trailing twelve-month return on equity of 33.16% and a net margin of 9.24%.
What ETFs hold CorVel's stock?: ETFs with the largest weight of CorVel (NASDAQ:CRVL) stock in their portfolio include Invesco DWA Healthcare Momentum ETF (PTH), SPDR S&P Health Care Services ETF (XHS), Invesco S&P SmallCap Health Care ETF (PSCH), Fidelity Digital Health ETF (FDHT), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Low Volatility ETF (XSLV), Akros Monthly Payout ETF (MPAY) and Hartford Multifactor Small Cap ETF (ROSC).
What is Michael Combs' approval rating as CorVel's CEO?: 85 employees have rated CorVel Chief Executive Officer Michael Combs on Glassdoor.com. Michael Combs has an approval rating of 80% among the company's employees. 53.0% of employees surveyed would recommend working at CorVel to a friend.
What other stocks do shareholders of CorVel own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CorVel investors own include Myers Industries (MYE), British American Tobacco (BTI), Canadian Imperial Bank of Commerce (CM), Dominion Energy (D), Consolidated Edison (ED), Gilead Sciences (GILD), Harley-Davidson (HOG), Helmerich & Payne (HP), International Business Machines (IBM) and Meredith (MDP).

What is CorVel's stock symbol?: CorVel trades on the NASDAQ under the ticker symbol "CRVL."
Who are CorVel's major shareholders?: CorVel's stock is owned by many different institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (11.52%), BlackRock Inc. (8.56%), Renaissance Technologies LLC (4.23%), Dimensional Fund Advisors LP (3.56%), State Street Corp (1.98%) and Boston Trust Walden Corp (1.47%). Insiders that own company stock include Alan Hoops, Brandon O'brien, Corstar Holdings Inc, Diane Blaha, Jean Macino, Jeffrey J Michael, Jennifer Yoss, Mark E Bertels, Maxim Shishin, Michael G Combs, R Judd Jessup, Steven J Hamerslag and V Gordon Clemons.
View institutional ownership trends.
How do I buy shares of CorVel?: Shares of CRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CorVel's stock price today?: One share of CRVL stock can currently be purchased for approximately $204.51.
How much money does CorVel make?: CorVel (NASDAQ:CRVL) has a market capitalization of $3.51 billion and generates $718.56 million in revenue each year. The business services provider earns $66.36 million in net income (profit) each year or $3.77 on an earnings per share basis.
How many employees does CorVel have?: The company employs 4,233 workers across the globe.
How can I contact CorVel?: CorVel's mailing address is 1920 Main Street Suite 900, Irvine CA, 92614. The official website for the company is www.corvel.com. The business services provider can be reached via phone at (817) 390-1416, via email at investor_relations@corvel.com, or via fax at 949-851-1469.

This page (NASDAQ:CRVL) was last updated on 6/4/2023 by MarketBeat.com Staff

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CorVel (CRVL) Stock Forecast, Price & News

CorVel MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CorVel (NASDAQ:CRVL) Stock

CRVL Stock News Headlines

CRVL Price History

CRVL Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CRVL Stock - Frequently Asked Questions

Overall MarketRank^™