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 Co. (NYSE:CVNA) shares rose over 10% on Monday without any company-specific news. The stock had previously rallied at the end of last year with other meme stocks but had since declined more than 30% from its 52-week high. The recent price movement may be attributed to its high short interest, with 48.70% of shares sold short, potentially causing a short squeeze.

Portfolio Pulse from Ryan Gustafson

January 22, 2024 | 8:01 pm

JMP Securities analyst Nicholas Jones has reiterated a 'Market Outperform' rating on Carvana (NYSE:CVNA) and maintained a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:41 pm

Whale activity in the Consumer Discretionary sector has been detected, with significant options trades on stocks like AMZN, TSLA, RIVN, PDD, CHWY, SIG, CVNA, NCLH, KSS, and VFC. The trades include both bullish and bearish sentiments, with varying expiration dates and strike prices. The total trade prices and volumes indicate substantial interest in these options, which could signal upcoming movements in the underlying stock prices.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 5:35 pm

In 2023, Nvidia and Meta Platforms were the top performers on the S&P 500, with gains of nearly 240% and 200% respectively. They are part of the 'Magnificent Seven' (Mag7) stocks, which also include Tesla, Intel, Amazon, Alphabet, and Microsoft. These stocks were responsible for a third of the S&P 500's and SPDR S&P 500 ETF's 25% gain. Small-cap stocks like Soleno Therapeutics, Carvana, and Applied Optoelectronics saw gains over 1000%. Cryptocurrency-related stocks like Bit Digital and Bitfarms also surged. The Grayscale Bitcoin Cash Trust outperformed with a 1178% gain, while growth stock ETFs like the Baron Fifth Avenue Growth Fund and Fidelity Blue Chip Growth ETF saw nearly 60% gains.

Portfolio Pulse from Neil Dennis

December 28, 2023 | 7:09 pm

Soleno Therapeutics Inc (SLNO) and Carvana Co (CVNA) have outperformed major tech stocks like Nvidia, Apple, and Microsoft in 2023, with returns of over 1000%. Soleno's stock soared by over 1900% due to positive results for its Prader-Willi syndrome treatment, while Carvana's shares jumped by 1030% after a significant turnaround. Despite these gains, the overall stock market has been characterized as the 'weirdest bull market in decades' with the S&P 500 and Dow Jones at near record highs.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 8:12 am

Carvana Co (CVNA) is among the top 20 shorted stocks but has seen a significant increase in share price, up over 1,000% YTD. Other heavily shorted 'meme stocks' like GameStop (GME) and AMC Entertainment (AMC) have also experienced rallies. Despite past growth and a subsequent price drop, Carvana's stock has surged recently, possibly due to investor optimism for lower interest rates in 2024. Upstart Holdings (UPST) has similarly rebounded, with its stock up nearly 80% in the last month.

Portfolio Pulse from Aaron Bry

December 21, 2023 | 9:49 pm

The Russell 2000 index, tracked by the iShares Russell 2000 ETF (IWM), has hit a 16-month high, outperforming large-cap indices in December with an 11.4% surge. Over 80% of the small-cap stocks in the index are trading above their 50-day moving averages, indicating broad strength. In contrast, the SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) saw smaller gains. Top gainers in the Russell 2000 include EyePoint Pharmaceuticals (EYPT), Hawaiian Holdings (HA), Altimmune (ALT), 2seventy bio (TSVT), Aurora Innovation (AUR), Carvana (CVNA), Purple Innovation (PRPL), Marathon Digital Holdings (MARA), MBIA (MBI), and Century Therapeutics (IPSC).

Portfolio Pulse from Piero Cingari

December 19, 2023 | 10:05 pm

Carvana Co. (NYSE:CVNA) stock is experiencing a significant increase, trading higher with over 50% gains in the past five days. The stock reached a new 52-week high of $61.61 on Tuesday, with trading volume surpassing the 100-day average. Recent company milestones include partnerships with sports clubs and expansion of services in Ohio. Carvana's stock is also trading above its 50-day moving average, and a high percentage of its shares are being sold short.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 4:40 pm

In Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Canterbury Park Holding (CPHC), Gaotu Techedu (GOTU), Esports Entertainment (GMBL), Color Star Tech (CSCW), Carvana (CVNA), and BowFlex (BFX) were among the gainers, with increases ranging from 16.7% to 32.4%. Conversely, Mynd.ai (MYND), Vision Marine (VMAR), Jowell Global (JWEL), Regis (RGS), BT Brands (BTBD), and Lanvin Group Holdings (LANV) were the losers, with stock price declines ranging from 10.78% to 26.5%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 5:32 pm

Torrid Holdings Inc. reported better-than-expected Q3 results and raised FY23 guidance, causing its shares to jump 22.3%. MBIA Inc. declared an $8.00 per share extraordinary dividend, leading to a 63.8% share increase. Other stocks like ALX Oncology, Virco Mfg., and Bitfarms also saw significant gains after positive upgrades, earnings reports, and corporate actions.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 3:40 pm

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