Carvana Co. [CVNA] stock for 2,046,380 USD was acquired by GILL DANIEL J.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carvana Co. shares valued at $2,046,380 were purchased by GILL DANIEL J. on Jun 15. At $21.77 per share, GILL DANIEL J. acquired 94,000 shares. The insider’s holdings grew to 131,023 shares worth approximately $4.02 million following the completion of this transaction.

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Also, GARCIA ERNEST C. II purchased 1,191,468 shares, netting a total of over 24,625,421 in proceeds. Following the buying of shares at $20.67 each, the insider now holds 2,578,314 shares.

Before that, GARCIA ERNEST C. II had added 793,790 shares to its account. In a trade valued at $17,421,389, the 10% Owner bought Carvana Co. shares for $21.95 each. Upon closing the transaction, the insider’s holdings increased to 793,790 shares, worth approximately $42.52 million.

As published in a research note from Piper Sandler on September 12, 2022, Carvana Co. [CVNA] has been rated up from a Neutral to an Overweight and the price target has been revised to $73 from $98. This represents a 58.0% premium over Wednesday’s closing price. Analysts at Argus started covering the stock with ‘”a Hold”‘ outlook in a report released in mid August. As of August 08, 2022, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for CVNA. Earlier on August 05, 2022, RBC Capital Mkts resumed its rating. Their recommendation was “a Sector perform” for CVNA stock.

Analyzing CVNA’s Price Performance

On Wednesday, Carvana Co. [NYSE: CVNA] plunged -1.00% to $30.66. The stock’s lowest price that day was $30.4203, but it reached a high of $33.57 in the same session. During the last five days, there has been a drop of approximately -15.00%. Over the course of the year, Carvana Co. shares have dropped approximately -86.77%. Shares of the company reached a 52-week high of $240.58 on 01/04/22 and a 52-week low of $19.45 on 07/14/22. A 50-day SMA is recorded $34.88, while a 200-day SMA reached $93.89. Nevertheless, trading volume fell to 8.6 million shares from 6.34 million shares the previous day.

Support And Resistance Levels for Carvana Co. (CVNA)

According to the 24-hour chart, there is a support level at 29.53, which, if violated, would cause prices to drop to 28.40. In the upper region, resistance lies at 32.68. The next price resistance is at 34.70. RSI (Relative Strength Index) is 41.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.59, which suggests the price will decrease in the coming days. Percent R is at 94.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Carvana Co. subject to short interest?

Stocks of Carvana Co. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.96 million shares to 29.03 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 29.99 million shares. A decline of -3.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.36 of the overall float, the days-to-cover ratio (short ratio) decline to 2.36.

Which companies own the most shares of Carvana Co. (CVNA)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 20,100,843 shares, which is about 19.00% of the total CVNA shares outstanding. The investor’s shares have appreciated by 6,670,993 from its previous 13-F filing of 13429850.0 shares. With the completion of the buy transaction, Baillie Gifford & Co.’s stake is now worth $359,644,741. The Vanguard Group, Inc. acquire a 21.97% interest valued at $287.1 million while CAS Investment Partners LLC purchased a 2,564,900 stake. A total of 1,150,000 shares of Carvana Co. were bought by Spruce House Investment Managemen during the quarter, and -4,682,153 were sold by Fidelity Management & Research Co. In its current portfolio, BlackRock Fund Advisors holds 3,778,254 shares valued at $124.64 million.

In terms of Carvana Co. share price expectations, FactSet research, analysts set an average price target of $56.35 in the next 12 months, up nearly 61.45% from the previous closing price of $30.97. Analysts anticipate Carvana Co. stock to reach $100.00 by 2022, with the lowest price target being $15.00. In spite of this, 28 analysts ranked Carvana Co. stock as an Overweight at the end of 2022.


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