Carvana Co.’s filing revealed that its 10% Owner GARCIA ERNEST C. II unloaded Company’s shares for reported $4.01 million on Apr 11 ’24. In the deal valued at $80.13 per share,50,000 shares were sold. As a result of this transaction, GARCIA ERNEST C. II now holds 3,312,500 shares worth roughly $ 236.38 million.
Then, GILL DANIEL J. sold 10,335 shares, generating $856,234 in total proceeds. Upon selling the shares at $82.85, the Chief Product Officer now owns 392,038 shares.
Before that, GARCIA ERNEST C. III sold 9,390 shares. Carvana Co. shares valued at $777,764 were divested by the Chief Executive Officer at a price of $82.83 per share. As a result of the transaction, GARCIA ERNEST C. III now holds 861,458 shares, worth roughly $61.47 million.
Jefferies upgraded its Carvana Co. [CVNA] rating to a Hold from a an Underperform in a research note published on March 12, 2024; the price target was increased to $85 from $30. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early March from “an Underperform” to “a Sector perform”. William Blair also remained covering CVNA and has increased its forecast on February 23, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Raymond James revised its rating on February 23, 2024. It rated CVNA as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of CVNA
On Friday, Carvana Co. [NYSE:CVNA] saw its stock jump 0.30% to $71.36. Over the last five days, the stock has lost -4.84%. Carvana Co. shares have risen nearly 34.79% since the year began. Nevertheless, the stocks have risen 726.88% over the past one year. While a 52-week high of $94.04 was reached on 03/26/24, a 52-week low of $6.70 was recorded on 02/01/24. SMA at 50 days reached $74.53, while 200 days put it at $49.57. A total of 3.37 million shares were traded, compared to the trading of 4.73 million shares in the previous session.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 69.86, which if violated will result in even more drops to 68.37. On the upside, there is a resistance level at 72.46. A further resistance level may holdings at 73.57. The Relative Strength Index (RSI) on the 14-day chart is 40.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.97%. Stochastics %K at 13.06% indicates the stock is a buying.
