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

Benzinga's options activity scanner has detected significant options activity in the Consumer Discretionary sector. Notable trades include bearish call options for Tesla (TSLA) and bullish call options for Carvana (CVNA), Las Vegas Sands (LVS), Carriage Services (CSV), and Norwegian Cruise Line Holdings (NCLH). Neutral call options were observed for Nike (NKE). Bearish put options were observed for Luminar Technologies (LAZR), Abercrombie & Fitch (ANF), and Dutch Bros (BROS), while bullish put options were observed for Wynn Resorts (WYNN).

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:39 pm

During Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Gainers included Motorcar Parts of America (MPAA), Xponential Fitness (XPOF), Lulus Fashion Lounge (LVLU), Beazer Homes USA (BZH), Carvana (CVNA), and Arcimoto (FUV). Losers included Kidpik (PIK), Chijet Motor Co (CJET), Lordstown Motors (RIDE), Mullen Automotive (MULN), Greenlane Hldgs (GNLN), and Lifetime Brands (LCUT).

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:37 pm

Carvana Co. (NYSE:CVNA) shares are trading higher, continuing a recent turbulent streak. The company expects to reach adjusted EBITDA of more than $50 million in Q2 2023. Analysts' price target increases and the release of a short report from Kerrisdale Capital have also influenced the stock's performance. Carvana has a high short interest, with 66.52% of outstanding shares currently sold short. The stock is up more than 123% in the last 30 days.

Portfolio Pulse from Erica Kollmann

June 28, 2023 | 2:51 pm

Despite a general drop in U.S. stocks, several companies recorded gains. Minerva Neurosciences climbed 46.2% after announcing a $20 million private placement. Joby Aviation rose 26.4% following a permit for flight testing of its first production prototype. Xponential Fitness, Archer Aviation, Opendoor Technologies, Viad Corp, Beazer Homes USA, Carvana, Overstock.com, Viking Therapeutics, Energy Vault Holdings, Snowflake, Global Blue Group Holding, Squarespace, and Pinterest also saw increases. Notably, Overstock.com's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform was approved by a U.S. bankruptcy judge.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 2:19 pm

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks involved are Tesla (TSLA), General Motors (GM), Nike (NKE), Carvana (CVNA), Dave & Buster's (PLAY), International Game Technology (IGT), Goodyear Tire & Rubber (GT), Chewy (CHWY), M/I Homes (MHO), and Chipotle Mexican Grill (CMG). The activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:39 pm

During Tuesday's intraday session, several consumer discretionary stocks experienced significant movement. Gainers included Xcel Brands (XELB), Aterian (ATER), Cooper-Standard Holdings (CPS), Carvana (CVNA), NIO (NIO), and RumbleON (RMBL). Losers included Xponential Fitness (XPOF), Lordstown Motors (RIDE), Mullen Automotive (MULN), Greenlane Hldgs (GNLN), ECARX Holdings (ECX), and GreenTree Hospitality Gr (GHG).

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:37 pm

Carvana (CVNA) sees an option alert for August 18th $30 calls at the ask price of $2.17 with 250 contracts, compared to an open interest of 5,903. Earnings are expected on August 3rd after the market closes.

Portfolio Pulse from Charles Gross

June 27, 2023 | 2:29 pm

Carvana shares are trading lower after reports of former employees accusing vendor HyperSport Industries of underhanded dealings.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 7:40 pm

12 consumer discretionary stocks experienced significant price movements during Friday's intraday session, with Kidpik, Smith & Wesson Brands, Golden Heaven Group Hldgs, Lifetime Brands, ODP, and CarMax among the gainers, while Xcel Brands, Carvana, Carrols Restaurant Group, Cooper-Standard Holdings, Cricut, and Workhorse Gr were the losers.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:37 pm

Carvana's stock is trading lower amid reports of former employees accusing automotive reconditioning contractor HyperSport Industries of dishonest dealings, including stealing from Carvana and submitting duplicate invoices. Carvana's stock is down over 90% from its peak and laid off 4,000 employees in 2022.

Portfolio Pulse from Anusuya Lahiri

June 23, 2023 | 2:51 pm

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