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.

Open

237.88

Mkt cap

50B

Volume

High

242.70

P/E Ratio

96.79

52-wk high

259.39

Low

235.25

Div yield

N/A

52-wk low

29.84

Carvana shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:34 pm

Carvana Co (NYSE:CVNA) reported strong Q2 earnings with revenue of $3.41 billion and EPS of 14 cents, both beating estimates. Vehicle sales jumped 33% YoY, and the company provided upbeat guidance for Q3 and FY 2024. Shares rose 10.33% after hours.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 8:33 pm

Carvana (NYSE:CVNA) reported Q2 2024 earnings per share (EPS) of $0.14, significantly beating the analyst consensus estimate of $(0.12) by 216.67%. The company also reported quarterly sales of $3.410 billion, surpassing the estimate of $3.244 billion by 5.12%. This marks a 14.89% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:16 pm

Carvana Co (NYSE:CVNA) shares are in focus ahead of its Q2 earnings report. The company is expected to report a loss of 7 cents per share and revenue of $3.244 billion. Last quarter, Carvana surprised with a profit and significant revenue growth. Analysts have mixed ratings but generally positive price targets. Carvana shares are up over 155% year-to-date.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 7:08 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on significant trades involving companies like TSLA, NKE, CVNA, EBAY, JD, F, LEN, SERV, PDD, and BABA. These trades, tracked by Benzinga's options activity scanner, indicate potential trading opportunities based on the sentiment and volume of the options traded.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:35 pm

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

Financial giants have shown a bullish trend in options trading for Carvana (NYSE:CVNA), with significant trades indicating a price target range of $90.0 to $145.0. Analysts have mixed ratings, with a consensus target price of $143.0. The stock is currently trading at $127.64, with an upcoming earnings release in 1 day.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 1:45 pm

The article highlights significant options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in stocks like TSLA, CVNA, LCID, SBUX, QS, RIVN, AMZN, UPBD, PDD, and DASH. These trades could indicate potential short-term price movements.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 5:35 pm

Wedbush analyst Seth Basham has reiterated a Neutral rating on Carvana (NYSE:CVNA) and maintained a price target of $120.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:49 pm

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