The stock of Carvana Co. (NYSE:CVNA) last traded at $104.67, up 1.58% from the previous session.
CVNA stock price is now 9.35% away from the 50-day moving average and 75.52% away from the 200-day moving average. The market capitalization of the company currently stands at $12.24B.
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With the price target enhanced from $70 to $130, JP Morgan Upgraded its rating from Neutral to Overweight for Carvana Co. (NYSE: CVNA). On March 12, 2024, Jefferies Upgraded its previous ‘Underperform’ rating to ‘Hold’ on the stock increasing its target price from $30 to quote $85, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, GARCIA ERNEST C. II, 10% Owner sold 60,000 shares of the company’s stock on Jun 05 ’24. The stock was sold for $6,178,502 at an average price of $102.98. Upon completion of the transaction, the 10% Owner now directly owns 1,657,500 shares in the company, valued at $173.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, 10% Owner GARCIA ERNEST C. II sold 60,000 shares of the business’s stock. A total of $5,989,935 was realized by selling the stock at an average price of $99.83. This leaves the insider owning 1,717,500 shares of the company worth $179.77 million. A total of 15.34% of the company’s stock is owned by insiders.
During the past 12 months, Carvana Co. has had a low of $14.32 and a high of $129.00. As of last week, the company has a debt-to-equity ratio of 22.62, a current ratio of 2.54, and a quick ratio of 1.62. The fifty day moving average price for CVNA is $96.0012 and a two-hundred day moving average price translates $59.9555 for the stock.
The latest earnings results from Carvana Co. (NYSE: CVNA) was released for 2024-03-31. The net profit margin was 5.68% and return on equity was -78.96% for CVNA. The company reported revenue of $3.06 billion for the quarter, compared to $2.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.46 percent.
