Carvana Co.’s filing revealed that its 10% Owner GARCIA ERNEST C. II unloaded Company’s shares for reported $10.37 million on Sep 12 ’24. In the deal valued at $138.26 per share,75,000 shares were sold. As a result of this transaction, GARCIA ERNEST C. II now holds 0 shares worth roughly $0.0.
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Then, GARCIA ERNEST C. II sold 75,000 shares, generating $9,704,539 in total proceeds. Upon selling the shares at $129.39, the 10% Owner now owns 0 shares.
Before that, GARCIA ERNEST C. II sold 75,000 shares. Carvana Co. shares valued at $10,179,730 were divested by the 10% Owner at a price of $135.73 per share. As a result of the transaction, GARCIA ERNEST C. II now holds 0 shares, worth roughly $0.0.
Evercore ISI reiterated its Carvana Co. [CVNA] rating to an In-line in a research note published on September 16, 2024; the price target was $157. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Wells Fargo also remained covering CVNA and has increased its forecast on August 01, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating.
Price Performance Review of CVNA
On Monday, Carvana Co. [NYSE:CVNA] saw its stock jump 7.75% to $152.90. Over the last five days, the stock has gained 12.86%. Carvana Co. shares have risen nearly 188.82% since the year began. Nevertheless, the stocks have risen 173.72% over the past one year. While a 52-week high of $159.85 was reached on 08/23/24, a 52-week low of $25.09 was recorded on 02/01/24. SMA at 50 days reached $139.74, while 200 days put it at $92.88.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 146.10, which if violated will result in even more drops to 139.30. On the upside, there is a resistance level at 156.63. A further resistance level may holdings at 160.36. The Relative Strength Index (RSI) on the 14-day chart is 58.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.01%. Stochastics %K at 58.74% indicates the stock is a holding.
How much short interest is there in Carvana Co.?
A steep rise in short interest was recorded in Carvana Co. stocks on 2024-08-30, dropping by -1.2 million shares to a total of 13.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 15.06 million shares. There was a decline of -8.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 12, 2024 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $155 price target.
