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

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Cava (CAVA), Carvana (CVNA), Rivian (RIVN), Caleres (CAL), Tapestry (TPR), Gap (GPS), Airbnb (ABNB), RH (RH), and Booking Holdings (BKNG). The article provides detailed information on the type of options activity (call or put), the sentiment (bullish or bearish), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 5:35 pm

Carvana Co. (NYSE:CVNA) has launched its newest Car Vending Machine in Hollywood near Miami-Dade and Fort Lauderdale. This is the second of its kind in the Miami area, the 38th in the U.S., and the fifth in Florida. The company's shares are trading lower by 1.17% to $38.86 on the last check Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 1:56 pm

Carvana Co. (NYSE:CVNA) shares are trading lower, down 10% over the last five days and nearly 5% on Tuesday. Analysts are split on the company's future, with Morgan Stanley maintaining an Underweight rating and raising the price target from $35 to $37, while JMP Securities reiterated a Market Outperform rating and maintained a $60 price target. Nearly 48% of available CVNA shares are being sold short.

Portfolio Pulse from Erica Kollmann

August 15, 2023 | 3:28 pm

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Williams-Sonoma (WSM), NIO Inc. (NIO), Carvana Co. (CVNA), Ford Motor Company (F), The Home Depot (HD), Winnebago Industries (WGO), McDonald's Corporation (MCD), Rivian Automotive (RIVN), and MGM Resorts International (MGM). The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:35 pm

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

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 12:48 pm

Morgan Stanley analyst Adam Jonas has expressed concerns about the sustainability of Carvana Co.'s (NYSE:CVNA) strategy amid challenges in the used car sector. Despite acknowledging Carvana's strides in retail and wholesale Gross Profit per Unit (GPU), Jonas emphasized that the company still has a lot to prove. Morgan Stanley has adjusted its third-quarter total GPU projection for Carvana to $5,266, up from $4,731, and its estimate for the company's third-quarter adjusted EBITDA has jumped to $75 million, up from $27 million. However, the firm reiterated an Underweight rating on Carvana and slightly increased its price target from $35 to $37.

Portfolio Pulse from Piero Cingari

August 11, 2023 | 7:35 pm

Morgan Stanley has maintained an Underweight rating on Carvana's stock but increased its price target from $35 to $37. This has led to Carvana's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:22 pm

Morgan Stanley analyst Adam Jonas has maintained an 'Underweight' rating on Carvana (NYSE:CVNA) and raised the price target from $35 to $37.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:51 pm

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks involved are Farfetch (FTCH), General Motors (GM), Tesla (TSLA), Rivian (RIVN), Dick's Sporting Goods (DKS), Capri Holdings (CPRI), Carvana (CVNA), American Eagle Outfitters (AEO), BJ's Restaurants (BJRI), and Green Brick Partners (GRBK). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:35 pm

The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, but used car and truck prices fell for the second month in a row, dropping 1.3% after a 0.5% dip in the previous month. This could put downward pressure on the margins and profitability of companies like CarMax, Inc. (KMX), AutoNation, Inc. (AN), Lithia Motors, Inc. (LAD), Carvana Co. (CVNA), and Vroom Inc. (VRM).

Portfolio Pulse from Piero Cingari

August 10, 2023 | 2:33 pm

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