Carvana Co.’s recent filing unveils that its 10% Owner GARCIA ERNEST C. II unloaded Company’s shares for reported $19.07 million on Oct 09 ’24. In the deal valued at $190.70 per share,100,000 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 100,000 shares, generating $19,023,848 in total proceeds. Upon selling the shares at $190.24, the 10% Owner now owns 0 shares.
Before that, GARCIA ERNEST C. II sold 100,000 shares. Carvana Co. shares valued at $18,695,538 were divested by the 10% Owner at a price of $186.96 per share. As a result of the transaction, GARCIA ERNEST C. II now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in mid September has reiterated a ‘”an In-line”‘ rating for it. Stephens began covering CVNA with “an Overweight” recommendation on September 12, 2024. Wells Fargo revised its rating on August 01, 2024. It rated CVNA as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of CVNA
On Friday, Carvana Co. [NYSE:CVNA] saw its stock jump 0.35% to $192.25. Over the last five days, the stock has gained 6.70%. Carvana Co. shares have risen nearly 263.15% since the year began. Nevertheless, the stocks have risen 407.66% over the past one year. While a 52-week high of $193.49 was reached on 10/11/24, a 52-week low of $25.09 was recorded on 02/01/24. SMA at 50 days reached $156.77, while 200 days put it at $105.35.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 189.08, which if violated will result in even more drops to 185.92. On the upside, there is a resistance level at 195.08. A further resistance level may holdings at 197.92. The Relative Strength Index (RSI) on the 14-day chart is 76.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.67%. Stochastics %K at 90.65% indicates the stock is a selling.
How much short interest is there in Carvana Co.?
A steep rise in short interest was recorded in Carvana Co. stocks on 2024-09-30, growing by 0.69 million shares to a total of 14.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.86 million shares. There was a rise of 4.74%, which implies that there is a positive sentiment for the stock.
