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

173.97

Mkt cap

39B

Volume

5.3M

High

181.84

P/E Ratio

113.95

52-wk high

292.84

Low

172.00

Div yield

N/A

52-wk low

67.61

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like TSLA, FL, LI, CPNG, GLBE, AMZN, ABNB, CVNA, WHR, and MMYT. This unusual options activity could suggest expectations of future stock price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

Financial giants have shown a bearish stance on Carvana (NYSE:CVNA), with options trading revealing 71% bearish and 28% bullish sentiments. The analysis of unusual trades highlighted a price target range of $40.0 to $90.0. The largest trades included both bullish and bearish calls and puts, with significant open interest and volume in these options. Carvana, an e-commerce platform for buying and selling used cars, saw its stock price down -2.14% at $78.7, with indicators suggesting it may be overbought. The next earnings report is expected in 64 days.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:01 pm

Carvana Co. (NYSE:CVNA) shares surged over 50% following its first-ever annual profit report last week. Analysts have revised price targets, with Morgan Stanley raising its target from $32 to $45. Despite a high short interest of 42.04%, the stock's significant movement is attributed to its earnings report. The average 1-year price target is $49.33, indicating a potential downside. Shares are currently trading up 18% at $82.45.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 5:39 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various stocks including TSLA, CVNA, CAVA, AMZN, BIG, JD, XPEV, ROST, LI, and RIVN, with notable transactions in call and put options. This unusual options activity could signal upcoming price movements in these stocks.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

Kerrisdale Capital has publicly announced via Twitter that they have sent a letter to Carvana's auditors at Grant Thornton, raising concerns about Carvana's aggressive accounting practices and inflated profit metrics.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:30 pm

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' recommending Carvana (CVNA) for buying on pullbacks, advising against AMN Healthcare Services (AMN) due to its battle-like status, endorsing Public Storage (PSA) for its smart operations, withholding recommendation on Vistra Corp. (VST) pending further study, dismissing HubSpot (HUBS) in favor of Salesforce (CRM), and highlighting Cloudflare (NET) as an 'absolute stock' to hold and buy more if it dips. Financial results and stock price movements for these companies were also mentioned.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:03 pm

Kerrisdale Capital released a short report on Carvana Co (NYSE:CVNA), criticizing its valuation and growth prospects. Despite recent gains, Kerrisdale views Carvana's stock as overvalued, citing a 'muted growth outlook' and unrealistic valuation metrics. Carvana's recent Q4 earnings missed expectations, but the company remains optimistic about its future, expecting increased retail units sold and adjusted EBITDA above $100 million in the next quarter. Analysts have mixed views on Carvana, with ratings ranging from 'Underweight' to 'Outperform'.

Portfolio Pulse from Chris Katje

February 26, 2024 | 5:59 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish call options for TSLA and IRBT, bullish put options for AMZN, W, M, and QS, bullish call options for CZR and DASH, and neutral to bearish sentiment for RIVN and CVNA. These activities suggest varied investor expectations and could influence stock prices in the short term.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm

Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Carvana (NYSE:CVNA) but increased the price target from $32 to $45.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:45 pm

Kerrisdale Capital has released a report on Carvana Co. (CVNA) titled "Carvana Co. (CVNA) Time To Hit The Breaks", suggesting a critical view on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:40 pm

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