The price of Carvana Co (NYSE:CVNA) shares last traded on Wall Street rose 8.35% to $231.92.
CVNA stock price is now -0.61% away from the 50-day moving average and 45.82% away from the 200-day moving average. The market capitalization of the company currently stands at $48.15B.
With the price target enhanced from $195 to $277, Citigroup Upgraded its rating from Neutral to Buy for Carvana Co (NYSE: CVNA). On January 07, 2025, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $270 to quote $280, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, JENKINS MARK W., Chief Financial Officer sold 10,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $2,007,503 at an average price of $200.75. Upon completion of the transaction, the Chief Financial Officer now directly owns 189,097 shares in the company, valued at $43.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Officer MARK JENKINS bought 10,000 shares of the business’s stock. A total of $2,033,600 was incurred on buying the stock at an average price of $203.36. A total of 10.00% of the company’s stock is owned by insiders.
During the past 12 months, Carvana Co has had a low of $40.21 and a high of $268.34. As of last week, the company has a debt-to-equity ratio of 10.22, a current ratio of 3.25, and a quick ratio of 2.12. The fifty day moving average price for CVNA is $233.2962 and a two-hundred day moving average price translates $158.32146 for the stock.
The latest earnings results from Carvana Co (NYSE: CVNA) was released for 2024-09-30. The net profit margin was 0.14% and return on equity was 3.58% for CVNA. The company reported revenue of $3.65 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.81 percent. For the current quarter, analysts expect CVNA to generate $3.32B in revenue.
