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's stock price increased following the announcement of its Q4 financial results, indicating a positive market reaction to the company's performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:38 pm

Carvana (NYSE:CVNA) reported Q4 2023 GAAP EPS of $(1.00), missing the $(0.95) estimate, with sales of $2.42B also missing the $2.53B estimate. This represents a 14.56% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:37 pm

In Thursday's after-market session, several consumer discretionary stocks showed significant movement. Carvana and Sleep Number reported Q4 earnings, leading to a 13.0% and 6.33% increase in their shares, respectively. Other gainers included Kidpik, Dogness, PLBY Group, and Worksport. Conversely, Fox Factory, MercadoLibre, JX Luxventure, Chuy's Holdings, ECD Automotive Design, and Booking Holdings experienced declines, with Fox Factory and MercadoLibre also reporting Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:31 pm

Whales have shown a bearish stance on Carvana (CVNA), with 72% of detected trades being bearish. The trades range between puts and calls with a focus on a price range of $37.5 to $80.0 for CVNA over the last 3 months. The largest trades include both bearish and neutral sentiments, with significant amounts invested in options. Carvana's market status shows a slight increase in stock price to $49.74, with an RSI indicating it may be approaching overbought territory. An earnings announcement is expected imminently.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 7:16 pm

Traders are circulating an old publication from August 11, 2021, detailing Root Insurance's partnership with Carvana to develop personalized auto insurance for Carvana's car-buying platform. This was Root Insurance's first embedded partner.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:11 pm

Nvidia's impressive earnings report has sparked optimism in the market, leading to a jump in Nasdaq and S&P 500 futures. Investors are now focused on upcoming economic data, including jobless claims and Fed speeches, to gauge the market's direction. Other stocks mentioned include Five9, Lucid Group, Rivian Automotive, Sunnova Energy, and Sunrun, which moved on their earnings reports. Additionally, several companies are set to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 12:23 pm

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am

Carvana Co (NYSE:CVNA) shares trended down nearly 9% on Friday after a downgrade from Raymond James but are up 58% over the last three months. Wedbush analyst Seth Basham maintained a Neutral rating but raised the price target from $40 to $50. Carvana is expected to report a Q4 loss of 87 cents per share with revenue of $2.529 billion. Additionally, Carvana expanded same-day vehicle delivery to Sacramento, California. The average one-year price target for CVNA shares is $42.80, indicating a potential downside of 16.24%. Shares were down 5.87% at $49.39 at the time of publication.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 3:24 pm

Wedbush analyst Seth Basham maintains a Neutral rating on Carvana (CVNA) and raises the price target from $40 to $50.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:47 pm

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, PLNT, JD, BABA, DKNG, LAZR, SBUX, CVNA, ABNB, and RIVN. The trades varied in sentiment from neutral to bullish and bearish, indicating diverse expectations for these stocks' future movements. The activity involved both call and put options, with varying expiration dates, strike prices, and total trade prices, suggesting strategic positioning by large investors.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:35 pm

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