The stock of Carvana Co. (NYSE:CVNA) last traded at $106.74, down -3.90% from the previous session.
CVNA stock price is now 9.32% away from the 50-day moving average and 74.08% away from the 200-day moving average. The market capitalization of the company currently stands at $12.48B.
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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 11 ’24. The stock was sold for $6,218,352 at an average price of $103.64. Upon completion of the transaction, the 10% Owner now directly owns 1,417,500 shares in the company, valued at $151.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, 10% Owner GARCIA ERNEST C. II sold 60,000 shares of the business’s stock. A total of $6,482,624 was realized by selling the stock at an average price of $108.04. This leaves the insider owning 1,477,500 shares of the company worth $157.71 million. A total of 14.93% of the company’s stock is owned by insiders.
During the past 12 months, Carvana Co. has had a low of $20.60 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 $98.1264 and a two-hundred day moving average price translates $61.6233 for the stock.
The latest earnings results from Carvana Co. (NYSE: CVNA) was released for 2024-03-31. According to the Auto & Truck Dealerships Company, earnings per share came in at -0.55, beating analysts’ expectations of -1.15 by 0.6. This compares to -$2.70 EPS in the same period last year. 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. For the current quarter, analysts expect CVNA to generate $3.23B in revenue.
