Carvana Co. (NYSE:CVNA) shares traded -0.55% lower at $90.31 on Wall Street last session.
CVNA stock price is now 44.52% away from the 50-day moving average and 101.31% away from the 200-day moving average. The market capitalization of the company currently stands at $10.50B.
With the price target enhanced from $30 to $85, Jefferies Upgraded its rating from Underperform to Hold for Carvana Co. (NYSE: CVNA). On March 08, 2024, RBC Capital Mkts Upgraded its previous ‘Underperform’ rating to ‘Sector Perform’ on the stock increasing its target price from $45 to quote $90, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, JENKINS MARK W., Chief Financial Officer sold 5,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $396,850 at an average price of $79.37. Upon completion of the transaction, the Chief Financial Officer now directly owns 183,156 shares in the company, valued at $16.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, BREAUX PAUL W. sold 20,000 shares of the business’s stock. A total of $1,780,000 was realized by selling the stock at an average price of $89.00. This leaves the insider owning 115,032 shares of the company worth $10.39 million. A total of 17.20% of the company’s stock is owned by insiders.
During the past 12 months, Carvana Co. has had a low of $6.70 and a high of $94.04. As of last week, the company has a debt-to-equity ratio of 27.94, a current ratio of 2.16, and a quick ratio of 1.41. The fifty day moving average price for CVNA is $63.45 and a two-hundred day moving average price translates $45.22 for the stock.
The latest earnings results from Carvana Co. (NYSE: CVNA) was released for Dec, 2023. According to the Auto & Truck Dealerships Company, earnings per share came in at -$1, missing analysts’ expectations of -$0.89 by -0.11. This compares to -$13.96 EPS in the same period last year. The net profit margin was 4.18% and return on equity was -78.96% for CVNA. The company reported revenue of $2.42 billion for the quarter, compared to $2.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.56 percent. For the current quarter, analysts expect CVNA to generate $2.65B in revenue.
