The stock of Carvana Co. (NYSE:CVNA) last traded at $142.00, down -3.07% from the previous session.
CVNA stock price is now 14.13% away from the 50-day moving average and 78.75% away from the 200-day moving average. The market capitalization of the company currently stands at $17.58B.
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With the price target maintained at $175, Wells Fargo recently Upgraded its rating from Equal Weight to Overweight for Carvana Co. (NYSE: CVNA). , while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, GARCIA ERNEST C. II, 10% Owner sold 75,000 shares of the company’s stock on Aug 09 ’24. The stock was sold for $10,126,954 at an average price of $135.03. Upon completion of the transaction, the 10% Owner now directly owns 1,015,814 shares in the company, valued at $144.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, 10% Owner GARCIA ERNEST C. II sold 75,000 shares of the business’s stock. A total of $10,054,735 was realized by selling the stock at an average price of $134.06. This leaves the insider owning 940,814 shares of the company worth $133.6 million. A total of 12.25% 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 $154.00. As of last week, the company has a debt-to-equity ratio of 11.88, a current ratio of 3.11, and a quick ratio of 2.02. The fifty day moving average price for CVNA is $125.2846 and a two-hundred day moving average price translates $80.00645 for the stock.
The latest earnings results from Carvana Co. (NYSE: CVNA) was released for 2024-06-30. The net profit margin was 6.12% and return on equity was -78.96% for CVNA. The company reported revenue of $3.41 billion for the quarter, compared to $2.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.89 percent.
