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 has upgraded Carvana's stock from Underperform to Neutral and raised its price target from $40 to $48. This has resulted in Carvana shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:55 pm

Wedbush analyst Seth Basham has upgraded Carvana (NYSE:CVNA) from Underperform to Neutral and raised the price target from $40 to $48.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:24 am

The article reports on unusual options activity in the Consumer Discretionary sector. Ten companies are mentioned: Tesla (TSLA), Carvana (CVNA), Ford (F), Airbnb (ABNB), MGM Resorts (MGM), Royal Caribbean (RCL), Cava (CAVA), D.R. Horton (DHI), McDonald's (MCD), and Dick's Sporting Goods (DKS). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:35 pm

The United Auto Workers (UAW) union plans to strike against the major U.S. auto manufacturers, demanding pay increases and shorter work weeks. This could impact the value of cars, potentially increasing used car prices. Stocks of used car companies like Carvana Co, CarMax, AutoNation, and Vroom may benefit. The strike could also be beneficial for car rental companies like Avis Budget Group and Hertz Global Holdings. The 'big three' auto companies may need to focus more on capital discipline post labor negotiations.

Portfolio Pulse from Aaron Bry

September 15, 2023 | 3:11 pm

Carvana Co (NASDAQ:CVNA) shares are trading lower by 3.3% to $54.02, despite the potential benefit from the UAW strike that could disrupt new vehicle production and drive used car prices higher. The strike could increase demand for used cars, potentially driving up Carvana's sales and revenues.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 1:56 pm

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:32 pm

U.S. stocks ended Thursday in the green with Carvana, ARM Holdings, Ford, MGM Resorts, and Tesla gaining attention. Carvana shares surged by 13.47% amid a potential UAW strike that could lead consumers to the used car market. ARM Holdings rose by 24.69% after its U.S. stock market debut following regulatory challenges to Nvidia's acquisition. Ford's stock slightly decreased due to the looming UAW strike. MGM Resorts saw a minor increase despite a recent cyberattack. Tesla's stock rose by 1.75% as Ark Invest resumed selling its shares.

Portfolio Pulse from Benzinga Neuro

September 15, 2023 | 1:47 am

Shares of Carvana Co (NYSE:CVNA) are trading higher by 13.9% amid the approaching UAW strike deadline. A strike could disrupt new vehicle production, potentially driving used car prices higher and benefiting Carvana. The odds of a United Auto Workers strike are over 90%, according to Evercore ISI analyst Chris McNally.

Portfolio Pulse from Henry Khederian

September 14, 2023 | 7:50 pm

Shares of used car retailers are trading higher due to the approaching UAW strike deadline. A potential strike could impact vehicle production at large automakers, driving used car prices higher.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:32 pm

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks with notable activity include Tesla (TSLA), Rivian (RIVN), ADT (ADT), Carvana (CVNA), MasterCraft Boat Holdings (MCFT), MGM Resorts (MGM), Airbnb (ABNB), Starbucks (SBUX), Dave & Buster's (PLAY), and NIO (NIO). The activity includes both call and put options with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:35 pm

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