Check Out What Whales Are Doing With CVNA
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish trend in Carvana (NYSE:CVNA) based on unusual options trading activity. A significant majority of the trades were calls, indicating a positive outlook among traders. The price target for CVNA, based on these trades, ranges from $65.0 to $95.0. The company's stock is currently up by 1.36%, with a trading volume of 748,157 and an RSI suggesting it may be approaching oversold territory. Analysts have given mixed reviews, with an average target price of $75.0. The next earnings report is expected in 7 days.
April 24, 2024 | 2:46 pm
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POSITIVE IMPACT
Carvana shows bullish trends from options trading, with a current stock price increase and mixed analyst ratings. The company's next earnings report is anticipated in 7 days, potentially influencing its stock price.
The bullish options trading activity, especially the predominance of call options, suggests a positive market sentiment towards Carvana. The upcoming earnings report is a critical event that could further influence the stock's price direction. Analyst ratings, although mixed, generally support the stock's potential for growth, contributing to the positive outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100