The price of Carvana Co (NYSE:CVNA) shares last traded on Wall Street rose 19.29% to $247.31.
CVNA stock price is now 42.99% away from the 50-day moving average and 113.04% away from the 200-day moving average. The market capitalization of the company currently stands at $51.18B.
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On September 16, 2024, Evercore ISI reiterated its ‘In-line’ rating on the stock by increasing its target price from $142 to quote $157, while ‘Stephens’ rates the stock as ‘Overweight’
In other news, PAUL BREAUX, Officer bought 30,000 shares of the company’s stock on Oct 31 ’24. The stock was bought for $6,219,300 at an average price of $207.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Officer BENJAMIN E HUSTON bought 3,043 shares of the business’s stock. A total of $630,844 was incurred on buying the stock at an average price of $207.31. A total of 10.26% 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 $213.98. 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 $172.9606 and a two-hundred day moving average price translates $116.0881 for the stock.
The latest earnings results from Carvana Co (NYSE: CVNA) was released for 2024-09-30. The net profit margin was 6.12% and return on equity was -78.96% for CVNA. The company reported revenue of $3.65 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.81 percent.
