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

239.23

Mkt cap

50B

Volume

1.9M

High

244.84

P/E Ratio

96.96

52-wk high

259.39

Low

238.46

Div yield

N/A

52-wk low

27.75

Carvana reported significant improvements in its financial performance for Q1, including a 16% YoY growth in retail units, a 42% increase in non-GAAP GPU, a 17% decrease in non-GAAP SG&A per unit, and an 860 bps increase in Adjusted EBITDA Margin. The company achieved an industry-leading 7.7% Adjusted EBITDA margin and expects further momentum in Q2.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 5:19 pm

Carvana has reaffirmed its Q2 outlook, expecting a sequential increase in year-over-year growth rate in retail units and adjusted EBITDA, as per its 8k filing.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:19 pm

Deep-pocketed investors are showing significant interest in Carvana (NYSE:CVNA) with a mix of bullish and bearish options activities. The options scanner highlighted 23 extraordinary options trades, indicating a potential price range of $80.0 to $185.0. The stock is currently down 1.71% at $98.27, with RSI indicators suggesting it may be oversold. An analyst from JMP Securities has lowered its rating to Market Outperform with a price target of $135.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:16 pm

NVIDIA Corp. (NASDAQ:NVDA) has seen a 186% surge in the past year, driven by high demand for AI chips, making it the third-largest U.S. company by market value. However, seven other U.S. stocks have more than doubled Nvidia's returns over the same period, including Vera Therapeutics, Vertiv Holdings, MicroStrategy, Abercrombie & Fitch, Carvana, Soleno Therapeutics, and MoneyLion.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 9:56 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on significant trades involving companies like TSLA, GME, CZR, NKE, AMZN, BABA, LOW, CVNA, HD, and PDD. These trades indicate varying sentiments, with some showing bearish and others bullish outlooks.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 5:35 pm

Investors with significant capital have taken a bearish stance on Carvana (NYSE:CVNA), as observed through unusual options activity. Benzinga's options scanner detected 9 trades, with a split sentiment of 44% bullish and 55% bearish. The trades suggest a targeted price range of $80 to $130 for CVNA over the last three months. Currently, CVNA is trading at $115.98, with mixed analyst ratings and an anticipated earnings release in 56 days.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 2:46 pm

The Nasdaq 100 closed higher by over 100 points on Monday. Notable insider trades were observed in Nerdy, Carvana, Goldman Sachs, and Yum! Brands. Insider sales can indicate various factors, including concerns about company prospects or stock overvaluation.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:30 pm

The article provides an in-depth analysis of recent options trading activity for Carvana (NYSE:CVNA), revealing a predominantly bearish sentiment among financial giants. It highlights 11 unusual trades, with a mix of calls and puts, and discusses the predicted price range and market sentiment. The current market status of Carvana is also reviewed, including recent analyst ratings and price targets.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:01 pm

Carvana Co (NYSE:CVNA) anticipates a surge in used car sales due to a potential oversupply of new vehicles. CEO Ernest Garcia III highlighted that increased car production by major automakers could benefit Carvana. The company reported a net income of $49 million, contrary to analysts' projections of a $116 million loss, and saw a growth in vehicle sales for the first time in six quarters. Despite a substantial debt exceeding $6 billion, Carvana reaffirmed its second-quarter guidance for sequential growth in EBITDA. CVNA stock has gained over 944% in the past year.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 2:58 pm

Bloomberg reported that Carvana's CEO anticipates an improvement in used car sales due to an oversupply of new vehicles. This outlook suggests a potential positive shift in market dynamics for Carvana, possibly leading to increased revenue and market share.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:32 pm

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