Paul W. Breaux, associated with Carvana Co., completed a sale of 20,000 shares of Carvana's Class A Common Stock on March 8, 2024. The transaction was executed at a price of $89.00 per share, resulting in a total sale value of $1,780,000. Following the sale, Breaux's direct holdings in the company amount to 115,032 shares. The sale took place in an open market or private sale transaction.
"Carvana’s valuation was already stretched – now, its share price is so ridiculous that it doesn’t just trade at levels unheard of for an auto dealer, it trades at a premium to leading tech companies," Kerrisdale Capital said in a statement.
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