The stock of Carvana Co. (NYSE:CVNA) last traded at $133.75, down -7.78% from the previous session.
CVNA stock price is now 14.26% away from the 50-day moving average and 91.81% away from the 200-day moving average. The market capitalization of the company currently stands at $15.64B.
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With the price target of $155, BTIG Research recently initiated with Buy rating for Carvana Co. (NYSE: CVNA). On July 10, 2024, Needham Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $160, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, GARCIA ERNEST C. II, 10% Owner sold 75,000 shares of the company’s stock on Jul 15 ’24. The stock was sold for $10,598,946 at an average price of $141.32. Upon completion of the transaction, the 10% Owner now directly owns 2,465,814 shares in the company, valued at $329.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, 10% Owner GARCIA ERNEST C. II sold 37,500 shares of the business’s stock. A total of $5,123,647 was realized by selling the stock at an average price of $136.63. A total of 14.47% of the company’s stock is owned by insiders.
During the past 12 months, Carvana Co. has had a low of $25.09 and a high of $147.25. 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 $117.3028 and a two-hundred day moving average price translates $70.19155 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.
