Carvana Stock Jumps 10% Amid CEO Share Purchase

3
Comment
Favorite

Carvana Stock Jumps 10% Amid CEO Share Purchase

Seeking Alpha2023-08-29

Carvana (NYSE:CVNA) rose 10.1% on Monday amid news that Chief Executive Officer Ernest Garcia bought $116M in stock.On August 18, Garcia purchased 3,131,074 Class A Units from the company for a per ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Wenmoon
·2023-08-29
Meme stock.. Short this.
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2362617273?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-29 08:38","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2362617273","market":"us","top_or_hot":-1,"title":"Carvana Stock Jumps 10% Amid CEO Share Purchase","media":"Seeking Alpha","content":"<div>\n<p>Carvana (NYSE:CVNA) rose 10.1% on Monday amid news that Chief Executive Officer Ernest Garcia bought $116M in stock.On August 18, Garcia purchased 3,131,074 Class A Units from the company for a per ...</p>\n\n<a href=\"https://seekingalpha.com/news/4006766-carvana-ceo-share-purchase\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carvana Stock Jumps 10% Amid CEO Share Purchase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarvana Stock Jumps 10% Amid CEO Share Purchase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-29 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4006766-carvana-ceo-share-purchase><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Carvana (NYSE:CVNA) rose 10.1% on Monday amid news that Chief Executive Officer Ernest Garcia bought $116M in stock.On August 18, Garcia purchased 3,131,074 Class A Units from the company for a per ...</p>\n\n<a href=\"https://seekingalpha.com/news/4006766-carvana-ceo-share-purchase\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4503","symbol_name":"景林资产持仓","start_time":0,"source_url":"https://seekingalpha.com/news/4006766-carvana-ceo-share-purchase","article_id":"2362617273","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2362617273","pubTimestamp":1693269483,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Carvana (NYSE:CVNA) rose 10.1% on Monday amid news that Chief Executive Officer Ernest Garcia bought $116M in stock.On August 18, Garcia purchased 3,131,074 Class A Units from the company for a per un","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4503":"景林资产持仓","BK4585":"ETF&股票定投概念","BK4548":"巴美列捷福持仓","CVNA":"Carvana Co.","BK4214":"汽车零售"},"translate_title":"首席执行官购买股票导致Carvana股价上涨10%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVNA":1},"content_text":"Carvana (NYSE:CVNA) rose 10.1% on Monday amid news that Chief Executive Officer Ernest Garcia bought $116M in stock.On August 18, Garcia purchased 3,131,074 Class A Units from the company for a per unit purchase price of $37.048, and received for no additional consideration 2,504,859 Class B Shares.The Private Placement Securities are collectively exchangeable for 2,504,859 Class A Shares pursuant to the terms of the Exchange Agreement.Last month, Carvana (CVNA) reported its best quarter in terms of adjusted EBITDA and total gross profit per unit, and said it entered into a transaction support agreement with a group of noteholders representing over 90% of the aggregate principal amount outstanding of the retailer's existing senior unsecured notes. The deal will reduce cash interest expenses by $430M per year for the next two years. Notably, Carvana (CVNA) said Apollo, Pinco, and Ares all support the debt exchange deal.S&P Global Ratings lowered its credit rating on CVNA to CC from CCC after the announcement of the debt restructuring, saying the transaction would be tantamount to default if completed because lenders will receive less than originally promised.Seeking Alpha analyst Value Kicker said on Monday that to succeed, “Carvana (CVNA) would need to aggressively scale its business. The company has never been profitable and is starting to cut costs at a time when its sales are declining.”The auto retailer had a chance to be disruptive with its online car sales model, but most local dealers are now online, thanks to the pandemic. “There really isn't anything to make Carvana stand out apart from the memes.”Shares are up 860% this year.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":214026113560624,"gmtCreate":1693270721478,"gmtModify":1693273149681,"author":{"id":"3578364353465552","authorId":"3578364353465552","name":"Wenmoon","avatar":"https://static.tigerbbs.com/87193852227f627283aca71a7f26fa16","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Meme stock.. Short this.","listText":"Meme stock.. Short this.","text":"Meme stock.. Short this.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214026113560624","repostId":2362617273,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}