Carvana Co’s recently made public that its Chief Financial Officer JENKINS MARK W. unloaded Company’s shares for reported $2.01 million on Jan 02 ’25. In the deal valued at $200.75 per share,10,000 shares were sold. As a result of this transaction, JENKINS MARK W. now holds 189,097 shares worth roughly $36.78 million.
Then, MARK JENKINS bought 10,000 shares, generating $2,033,600 in total proceeds.
Before that, KEETON RYAN S. sold 24,845 shares. Carvana Co shares valued at $6,158,992 were divested by the Chief Brand Officer at a price of $247.90 per share. As a result of the transaction, KEETON RYAN S. now holds 151,029 shares, worth roughly $29.38 million.
Citigroup upgraded its Carvana Co [CVNA] rating to a Buy from a a Neutral in a research note published on January 08, 2025; the price target was increased to $277 from $195. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early January from “a Sector perform” to “an Outperform”. Morgan Stanley also remained covering CVNA and has increased its forecast on November 05, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating.
Price Performance Review of CVNA
On Monday, Carvana Co [NYSE:CVNA] saw its stock jump 0.75% to $194.51. Over the last five days, the stock has gained 9.79%. Carvana Co shares have fallen nearly -4.35% since the year began. Nevertheless, the stocks have risen 316.15% over the past one year. While a 52-week high of $268.34 was reached on 01/02/25, a 52-week low of $40.21 was recorded on 01/03/25. SMA at 50 days reached $234.20, while 200 days put it at $157.17.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 190.50, which if violated will result in even more drops to 186.50. On the upside, there is a resistance level at 196.56. A further resistance level may holdings at 198.61. The Relative Strength Index (RSI) on the 14-day chart is 36.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.76%. Stochastics %K at 29.64% 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 2024-12-31, dropping by -0.1 million shares to a total of 13.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 13.5 million shares. There was a decline of -0.75%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 16, 2024 when Evercore ISI resumed its ‘”an In-line”‘ rating for the stock and retained the price target to $157.
