Streetbeat News

CVNA

Carvana Co.

https://www.carvana.com

Industry

Specialty Retail

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.

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Deep-pocketed investors are showing a bearish sentiment towards Carvana (NYSE:CVNA), with significant options activity indicating potential price movements. The options activity is split, with 52% bearish and 44% bullish sentiment. Analysts have mixed ratings, with price targets ranging from $110 to $200.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 5:31 pm

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. The stocks include TSLA, M, AMZN, BBWI, AMRK, PDD, BABA, CPRI, SBUX, and CVNA, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 5:35 pm

ATRenew Inc. (NYSE:RERE) reported strong revenue growth in Q2, driven by partnerships with JD.com and Apple. The company is focusing on higher-margin businesses and expects continued growth in Q3. Despite positive results, ATRenew's shares fell 11.3% on the announcement day but have risen 35% this year.

Portfolio Pulse from The Bamboo Works

August 26, 2024 | 1:35 pm

Carvana shares rose following Federal Reserve Chair Jerome Powell's comments on potential interest rate cuts, which boosted market optimism. Significant options activity and mixed analyst ratings indicate strong investor interest and varied market expectations for Carvana.

Portfolio Pulse from Vaishali Prayag

August 23, 2024 | 6:47 pm

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:08 pm

Carvana (NYSE:CVNA) has seen significant options trading activity, with a mix of bullish and bearish sentiment. The stock is currently up 2.94% at $157.52, with analysts providing mixed ratings and price targets ranging from $120 to $200. The options market shows a wide price target range from $15 to $165, indicating varied investor expectations.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 4:46 pm

Carvana Co (NYSE:CVNA) has experienced a significant turnaround in 2024, with its stock up 217% year-to-date. The company reported strong second-quarter financial results, beating analyst expectations and leading to increased price targets. Carvana's strategic restructuring and focus on efficiency have driven profitability and growth, with expectations for continued success in the coming quarters.

Portfolio Pulse from Chris Katje

August 22, 2024 | 6:10 pm

Insider sales were reported for Alphabet, Carvana, Apple, and Starbucks. These sales may indicate concerns about company prospects or stock overvaluation. Notable sales include Alphabet's director selling 700 shares, Carvana's 10% owner selling 200,000 shares, Apple's principal accounting officer selling 8,706 shares, and Starbucks' North America CEO selling 3,250 shares.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:17 pm

Whales are showing a bullish stance on Carvana (CVNA) with significant options trading activity. 50% of trades are bullish, with a price target range of $75 to $200. Analysts have mixed ratings, with price targets ranging from $110 to $200.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:01 pm

Carvana (NYSE:CVNA) has outperformed the market over the past 5 years, producing an average annual return of 15.05%. A $100 investment in CVNA 5 years ago would be worth $200.18 today. The article highlights the impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 4:33 pm

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