Carvana Co’s recently made public that its Chief Financial Officer JENKINS MARK W. unloaded Company’s shares for reported $8.21 million on Feb 18 ’25. In the deal valued at $288.85 per share,28,422 shares were sold. As a result of this transaction, JENKINS MARK W. now holds 219,962 shares worth roughly $47.43 million.
Then, JENKINS MARK W. sold 20,000 shares, generating $5,513,628 in total proceeds. Upon selling the shares at $275.68, the Chief Financial Officer now owns 199,962 shares.
Before that, MARK JENKINS bought 28,422 shares. Carvana Co shares valued at $8,109,649 were divested by the Officer at a price of $285.33 per share.
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 fall -3.43% to $215.65. Over the last five days, the stock has lost -24.42%. Carvana Co shares have risen nearly 6.04% since the year began. Nevertheless, the stocks have risen 336.54% over the past one year. While a 52-week high of $292.84 was reached on 02/19/25, a 52-week low of $49.38 was recorded on 01/03/25. SMA at 50 days reached $235.54, while 200 days put it at $180.19.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 207.11, which if violated will result in even more drops to 198.57. On the upside, there is a resistance level at 224.93. A further resistance level may holdings at 234.22. The Relative Strength Index (RSI) on the 14-day chart is 33.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -32.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.82%. Stochastics %K at 10.87% indicates the stock is a buying.
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.
