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 are trading higher after the company raised its Q3 outlook due to fundamental progress in key business drivers and momentum early in the quarter. The company now expects adjusted EBITDA to be above $75 million and gross profit per unit to be above $5,500. Carvana shares have risen more than 800% since the start of the year.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 12:56 pm

Carvana has updated its Q3 2023 outlook, increasing its adjusted EBITDA outlook by over $75 million. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:54 pm

Carvana has updated its Q3 expectations, predicting an adjusted EBITDA of over $75M, up from its previous forecast. The company also expects its non-GAAP total GPU to exceed $5,500, an increase from the prior estimate of over $5,000.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:14 pm

Carvana has updated its Q3 2023 outlook, increasing its adjusted EBITDA outlook by over $75M. This improvement is based on fundamental progress in key business drivers and momentum early in the quarter.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:12 pm

Benzinga Pro has released its list of the most-searched stocks for July 2023. The top ten includes Tesla, SPDR S&P 500 ETF Trust, Carvana, Rivian Automotive, Advanced Micro Devices, NVIDIA, Prestige Wealth, Apple, Gorilla Technology Group, and Coinbase Global. Notable changes include Rivian Automotive's jump from outside the top 20 to fifth place, and new IPO Prestige Wealth and Gorilla Technology Group joining the top ten. Coinbase also moved up from 18th to 10th place.

Portfolio Pulse from Chris Katje

August 04, 2023 | 6:52 pm

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tupperware Brands Corporation (TUP), Wayfair Inc. (W), Tesla Inc. (TSLA), Trip.com Group Limited (TCOM), Nike Inc. (NKE), Carvana Co. (CVNA), Ford Motor Company (F), MGM Resorts International (MGM), Expedia Group Inc. (EXPE), and NIO Inc. (NIO). 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 stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:35 pm

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), Carvana (CVNA), Wayfair (W), Ford (F), Li Auto (LI), NIO (NIO), DoorDash (DASH), Capri Holdings (CPRI), XPeng (XPEV), and Expedia (EXPE). 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 stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:07 pm

Carvana, the largest online used auto retailer in the US, has launched a same-day vehicle delivery service in Arizona. The service will be rolled out in select markets across the country in the coming months. The company's integrated online auto retail experience includes financing, insurance, warranty and service, as well as selling or trading in a vehicle. Carvana's new same day process allows customers to purchase a vehicle, get pre-qualified and approved online in as little as two to three minutes, and have the vehicle delivered within hours.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:09 pm

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:27 pm

Zack's Tech Innovators has mentioned Carvana (CVNA) in their discussions, which could potentially influence the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:56 am

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.