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

Traders are circulating an old publication from August 11, 2021, detailing Root Insurance's partnership with Carvana to develop personalized auto insurance for Carvana's car-buying platform. This was Root Insurance's first embedded partner.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:11 pm

Nvidia's impressive earnings report has sparked optimism in the market, leading to a jump in Nasdaq and S&P 500 futures. Investors are now focused on upcoming economic data, including jobless claims and Fed speeches, to gauge the market's direction. Other stocks mentioned include Five9, Lucid Group, Rivian Automotive, Sunnova Energy, and Sunrun, which moved on their earnings reports. Additionally, several companies are set to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 12:23 pm

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am

Carvana Co (NYSE:CVNA) shares trended down nearly 9% on Friday after a downgrade from Raymond James but are up 58% over the last three months. Wedbush analyst Seth Basham maintained a Neutral rating but raised the price target from $40 to $50. Carvana is expected to report a Q4 loss of 87 cents per share with revenue of $2.529 billion. Additionally, Carvana expanded same-day vehicle delivery to Sacramento, California. The average one-year price target for CVNA shares is $42.80, indicating a potential downside of 16.24%. Shares were down 5.87% at $49.39 at the time of publication.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 3:24 pm

Wedbush analyst Seth Basham maintains a Neutral rating on Carvana (CVNA) and raises the price target from $40 to $50.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:47 pm

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, PLNT, JD, BABA, DKNG, LAZR, SBUX, CVNA, ABNB, and RIVN. The trades varied in sentiment from neutral to bullish and bearish, indicating diverse expectations for these stocks' future movements. The activity involved both call and put options, with varying expiration dates, strike prices, and total trade prices, suggesting strategic positioning by large investors.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:35 pm

Carvana's stock (CVNA) experienced a decline following a downgrade by Raymond James from Market Perform to Underperform.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:06 pm

DoorDash shares fell by 12.2% after reporting mixed Q4 results and providing Q1 guidance. Other stocks showed significant movements, with Gaxos.ai surging 444% after announcing an AI solution for game developers, and Fusion Fuel Green climbing 157% following European Commission approval for its project. Losers included China Natural Resources, dropping 48% after a direct placement announcement, and Bloom Energy, falling 24% due to disappointing Q4 results.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 6:04 pm

Autohome Inc. (ATHM) reported a 4% increase in net profit to 1.88 billion yuan for the last year, with sales of new energy vehicles (NEVs) soaring by nearly 82%. The company's collaboration with Baidu (BIDU) on artificial intelligence and big data aims to enhance its service offerings. Despite rising costs, Autohome's strategic investments and focus on NEVs and the used car market are positioning it for growth. Its P/S ratio significantly exceeds that of peers Cango (CANG), Kaixin Auto (KXIN), and Carvana (CVNA), indicating strong investor confidence.

Portfolio Pulse from The Bamboo Works

February 16, 2024 | 3:51 pm

Raymond James analyst Mitch Ingles downgraded Carvana (NYSE:CVNA) from Market Perform to Underperform, indicating a negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:25 am

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