The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carvana Co shares valued at $2,248,152 were sold by JENKINS MARK W. on Mar 03 ’25. At $224.82 per share, JENKINS MARK W. sold 10,000 shares. The insider’s holdings dropped to 218,991 shares worth approximately $47.28 million following the completion of this transaction.
Also, MARK JENKINS purchased 10,000 shares, netting a total of over 2,331,000 in proceeds.
Before that, JENKINS MARK W. had sold 28,422 shares from its account. In a trade valued at $8,209,695, the Chief Financial Officer traded Carvana Co shares for $288.85 each. Upon closing the transaction, the insider’s holdings decreased to 28,422 shares, worth approximately $47.49 million.
As published in a research note from Citigroup on January 08, 2025, Carvana Co [CVNA] has been rated up from a Neutral to a Buy and the price target has been revised to $277 from $195. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of November 05, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for CVNA.
Analyzing CVNA Stock Performance
During the last five days, there has been a drop of approximately -7.20%. Over the course of the year, Carvana Co shares have jumped approximately 6.16%. Shares of the company reached a 52-week high of $292.84 on 02/19/25 and a 52-week low of $175.42 on 01/03/25. A 50-day SMA is recorded $232.24, while a 200-day SMA reached $183.86.
Support And Resistance Levels for Carvana Co (CVNA)
According to the 24-hour chart, there is a support level at 209.36, which, if violated, would cause prices to drop to 202.82. In the upper region, resistance lies at 219.54. The next price resistance is at 223.18. RSI (Relative Strength Index) is 39.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -24.03, which suggests the price will decrease in the coming days. Percent R is at 79.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
