Carvana, Insight, and Axon are the Three Best Performing Arizona Stocks This Year

Mark Hake

AnaChart Shows Who the Best Analysts Are That Cover These Stocks

This is not financial advice and you should not rely on my analysis to buy or sell any stock. I am not undertaking to induce you to buy or sell any securities. I am relying on the “publisher’s exclusion” in the Investment Advisers Act of 1940 to provide this information without any personalized or individualized investment advice.

Three companies in Arizona have done very well - their stocks have performed the best: Carvana (CVNA), Insight Enterprises (NSIT), and Axon Enterprise (AXON).

All three are in the top 10 largest technology and non-technology stocks in terms of their market capitalization (i.e., their market values).

For example, of the technology stocks, Insight Enterprises, the computer tech company, has a market cap of $4.88 billion, according to Yahoo! Finance. This is the result of multiplying its present price by the total number of shares the company has issued and outstanding.

Insight ranks as the 9th largest tech stock headquartered in Arizona.

However, Axon Enterprise, which is best known for its Taser brand used in law enforcement, is much larger. Its market cap is $17.16 billion, according to Yahoo! Finance.

Axon is ranked as the 5th largest tech company headquartered in Arizona.

Other larger tech stocks based in Arizona are Microchip Technology (MCHP), On Semiconductor (ON), Republic Services (RSG), and Align Technology (ALGN).

Carvana, the used car buying and selling platform, is sort of a tech company but also not really, as its main revenue comes from car sales. Its market cap is $5.5 billion.

I recently wrote an article in Kiplinger magazine that describes what a company's market cap is all about: "What is Market Cap?"

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Photo bym.onUnsplash

3 Best Performing Stocks in Arizona - Top 10 Market Caps

The rough performance figures for these three stocks so far this year are:

Carvana: +552% YTD: Recent Price: $30.93 Year-end 2022 Price: $4.74 per share.

Insight: +49.5% YTD: Recent Price: $149.89 Year-end 2022 Price: $100.27 p/sh.

Axon: +38.1% YTD: Recent Price: $229.16 Year-end 2022 Price: $165.93 p/sh.

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AnaChart is a new stock analyst tracking database service.Photo byAnaChart

AnaChart Shows the Best Performing Sell-Side Stock Analysts on These Stocks

Recently, a new sell-side stock analyst tracking service called AnaChart has emerged. It has produced a database that allows you to track how well analysts cover the stock, including the performance of their price targets.

This service helps you know who the best analyst is to follow on a stock.

There is a YouTube video explaining how the service works.

For example, AnaChart shows that the best-performing analyst covering Insight (NSIT) is Anthony Lebiedzinski of Sidoti, a brokerage firm:

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Top analysts covering NSIT stockPhoto byAnaChart

The picture above shows that he has the highest performance score of the three analysts that have ranked performance by AnaChart.

Here is a video of how the performance score is calculated by AnaChart:

It shows that the analyst with the shortest time period for when his price target is met gets the highest score.

This allows you to track the best analysts covering the list of Arizona stocks.

Mark Hake, CFA, is the Chief Strategy Officer for AnaChart and is based in Scottsdale, AZ. He also covers all the performance of Arizona stocks and writes about them occasionally.

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Mark R. Hake, CFA, writes articles on national and local news, stocks, and market events at Kiplinger.com, Barchart.com, Medium.com, and Newsbreak.com as well as TalkMarkets.

He is also the Chief Strategy Officer for AnaChart, a new sell-side stock analyst tracking service.


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Mark Hake is a financial analyst, investor, and Chartered Financial Analyst (CFA). He writes about US and foreign stocks and wealth, financial, and economic issues. He previously ran his own hedge fund and investment research firm and is presently Chief Strategy Officer for Foldstar Inc. and AnaChart.com.

Phoenix, AZ
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