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

Wedbush analyst Seth Basham has reiterated a Neutral rating on Carvana (NYSE:CVNA) and maintained a $40 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:36 pm

Meme stocks such as GameStop Corp (GME) and AMC Entertainment Holdings Inc (AMC) experienced a rally earlier in the week with significant gains, but the momentum did not sustain, leading to a decline by Thursday. GameStop shares surged 40% before dropping 10%, while AMC rose nearly 4% then fell back to near its 52-week low. Tupperware Brands Corp (TUP) also saw a rise and subsequent fall, while Carvana Co. (CVNA) maintained a 15% gain over the last month. Retail investors sold $16 billion worth of stocks in October, indicating potential concerns over market conditions and geopolitical issues.

Portfolio Pulse from Erica Kollmann

November 30, 2023 | 10:01 pm

Tupperware Brands Corporation (NYSE:TUP) shares saw an increase, potentially due to a surge in retail investor interest in meme stocks, similar to the movements in GameStop Corporation (NYSE:GME), Carvana Co. (NYSE:CVNA), and AMC Entertainment Holdings, Inc. (NYSE:AMC). Tupperware was also trending on Yahoo's Trending Tickers. The broader consumer discretionary sector was supported by a decline in Treasury yields. TUP closed up 15.8% at $1.91.

Portfolio Pulse from Ryan Gustafson

November 29, 2023 | 9:11 pm

Patterson Companies, Inc. (PDCO) shares fell by 14% after reporting Q2 earnings of $0.50 per share, missing estimates of $0.58 per share, and lowering FY24 adjusted EPS guidance below expectations. The company's sales were $1.65 billion, below the expected $1.70 billion. Other stocks moved in the mid-day session with various companies experiencing significant gains or losses due to various factors such as FDA clearances, earnings reports, acquisition announcements, and public offerings.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 7:02 pm

Carvana Co. (NYSE:CVNA) stock is trading higher by over 9% with no company-specific news, part of a broader movement in 'meme stocks' like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC). Despite the rise, Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Carvana and lowered the price target from $37 to $32. Carvana has a high short interest of 41.33% and is trading below its 50-day moving average and well below its 52-week high.

Portfolio Pulse from Erica Kollmann

November 29, 2023 | 3:32 pm

Carvana, an online used car retailer, has expanded its same-day delivery services to residents of Central Florida, enhancing the convenience for customers in the region and potentially increasing the company's market penetration.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:02 am

There was a notable options market activity for Carvana (CVNA), where a sweep of 500 call options for a strike price of $36 with a Friday expiration was executed above the asking price, at $0.529 each. This is compared to an open interest of 2578 for these options, with Carvana's stock reference price at $33.445.

Portfolio Pulse from Charles Gross

November 20, 2023 | 2:51 pm

Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Carvana (NYSE:CVNA) and reduced the price target from $37 to $32. This adjustment reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:00 pm

Carvana has expanded its same-day delivery service to customers in the Dallas-Fort Worth area, aiming to enhance the car buying experience by providing faster delivery options.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:03 am

Carvana Co (NYSE:CVNA) shares surged 17.5% to $33.64 without specific company news, likely reacting to a strong market influenced by positive CPI data indicating a decrease in US inflation from 3.7% to 3.2%. Lower inflation could lead to decreased interest rates, potentially reducing financing costs for Carvana and its customers, which may boost sales and revenue. The stock's movement reflects traders' anticipation of a favorable economic environment and potential rate cuts, which could benefit Carvana's business.

Portfolio Pulse from Henry Khederian

November 14, 2023 | 6:42 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.