Analyzing Elevance Health (NYSE:ELV) and CareRx (OTCMKTS:CHHHF)

CareRx (OTCMKTS:CHHHF) and Elevance Health (NYSE:ELV) are both healthcare companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, profitability, risk, earnings and valuation.

Insider & Institutional Ownership

89.2% of Elevance Health shares are owned by institutional investors. 0.3% of Elevance Health shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares CareRx and Elevance Health’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
CareRx	N/A	N/A	N/A
Elevance Health	2.47%	14.64%	5.22%

Earnings & Valuation

This table compares CareRx and Elevance Health”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CareRx	N/A	N/A	N/A	N/A	N/A
Elevance Health	$199.12 billion	0.42	$5.66 billion	$22.50	17.31

Elevance Health has higher revenue and earnings than CareRx.

Analyst Recommendations

This is a summary of recent ratings for CareRx and Elevance Health, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CareRx	0	0	0	0	0.00
Elevance Health	0	8	15	0	2.65

Elevance Health has a consensus target price of $440.90, suggesting a potential upside of 13.23%. Given Elevance Health’s stronger consensus rating and higher possible upside, analysts clearly believe Elevance Health is more favorable than CareRx.

Summary

Elevance Health beats CareRx on 9 of the 9 factors compared between the two stocks.

About CareRx

CareRx Corporation, together with its subsidiaries, provides pharmacy services to seniors homes and other congregate care settings in Canada. The company offers medication management, technology, and program solutions. It serves long-term care homes, retirement homes, assisted living facilities, and group homes. The company was formerly known as Centric Health Corporation and changed its name to CareRx Corporation in June 2020. CareRx Corporation was incorporated in 2001 and is based in Toronto, Canada.

About Elevance Health

Elevance Health, Inc., together with its subsidiaries, operates as a health benefits company in the United States. The company operates through four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. It offers a variety of health plans and services to program members; health products; an array of fee-based administrative managed care services; and specialty and other insurance products and services, such as stop loss, dental, vision, life, disability, and supplemental health insurance benefits. The company operates in the pharmacy services business; and markets and offers pharmacy services, including pharmacy benefit management, as well as home delivery and specialty pharmacies, claims adjudication, formulary management, pharmacy networks, rebate administration, a prescription drug database, and member services. In addition, it provides healthcare-related services and capabilities, including utilization management, behavioral health, integrated care delivery, palliative care, payment integrity services, subrogation services, and health and wellness programs, as well as services related to data management, information technology, and business operations. Further, the company is involved in the National Government Services business. The company provides its services under the Anthem Blue Cross and Blue Shield, Wellpoint, and Carelon brand names. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health, Inc. in June 2022. Elevance Health, Inc. was incorporated in 2001 and is headquartered in Indianapolis, Indiana.