Carvana Co (CVNA) Receives New Coverage from Analysts at Susquehanna Bancshares Inc
Stock analysts at Susquehanna Bancshares Inc assumed coverage on shares of Carvana Co (NASDAQ:CVNA) in a research note issued to investors on Wednesday, May 3rd. The firm set a “neutral” rating and a $10.00 price target on the stock. Susquehanna Bancshares Inc’s target price points to a potential downside of 13.19% from the company’s previous close.
Carvana (NASDAQ:CVNA) traded down 0.35% during trading on Wednesday, reaching $11.48. 8,101 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.19 billion. The company’s 50 day moving average price is $10.83 and its 200-day moving average price is $10.83. Carvana has a 52 week low of $8.14 and a 52 week high of $13.94.
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In related news, Director Ira J. Platt acquired 2,000 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was bought at an average price of $12.60 per share, with a total value of $25,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $25,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan S. Keeton acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average cost of $9.25 per share, with a total value of $55,500.00. Following the acquisition, the insider now owns 3,000 shares in the company, valued at approximately $27,750. The disclosure for this purchase can be found here. Insiders have bought a total of 1,856,031 shares of company stock valued at $24,474,213 over the last ninety days.
Carvana Company Profile
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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