Carvana Co’s filing revealed that its Officer MARK JENKINS acquired Company’s shares for reported $5.45 million on Feb 14 ’25. In the deal valued at $272.40 per share,20,000 shares were bought.
Then, BREAUX PAUL W. sold 38,638 shares, generating $10,453,593 in total proceeds. Upon selling the shares at $270.55, the insider now owns 153,240 shares.
Before that, BREAUX PAUL W. sold 1,362 shares. Carvana Co shares valued at $367,849 were divested by the insider at a price of $270.08 per share. As a result of the transaction, BREAUX PAUL W. now holds 153,240 shares, worth roughly $43.72 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 Friday, Carvana Co [NYSE:CVNA] saw its stock jump 4.75% to $285.33. Over the last five days, the stock has gained 8.05%. Carvana Co shares have risen nearly 40.31% since the year began. Nevertheless, the stocks have risen 449.03% over the past one year. While a 52-week high of $273.37 was reached on 02/14/25, a 52-week low of $48.15 was recorded on 01/03/25. SMA at 50 days reached $235.82, while 200 days put it at $176.58.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 276.75, which if violated will result in even more drops to 268.16. On the upside, there is a resistance level at 290.15. A further resistance level may holdings at 294.96. The Relative Strength Index (RSI) on the 14-day chart is 77.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.97%. Stochastics %K at 94.35% 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 2025-01-31, dropping by -2.48 million shares to a total of 10.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 13.4 million shares. There was a decline of -22.74%, 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.
