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 (NYSE:CVNA) has seen significant options trading activity, with a mix of bullish and bearish sentiment. The stock is currently up 2.94% at $157.52, with analysts providing mixed ratings and price targets ranging from $120 to $200. The options market shows a wide price target range from $15 to $165, indicating varied investor expectations.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 4:46 pm

Carvana Co (NYSE:CVNA) has experienced a significant turnaround in 2024, with its stock up 217% year-to-date. The company reported strong second-quarter financial results, beating analyst expectations and leading to increased price targets. Carvana's strategic restructuring and focus on efficiency have driven profitability and growth, with expectations for continued success in the coming quarters.

Portfolio Pulse from Chris Katje

August 22, 2024 | 6:10 pm

Insider sales were reported for Alphabet, Carvana, Apple, and Starbucks. These sales may indicate concerns about company prospects or stock overvaluation. Notable sales include Alphabet's director selling 700 shares, Carvana's 10% owner selling 200,000 shares, Apple's principal accounting officer selling 8,706 shares, and Starbucks' North America CEO selling 3,250 shares.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:17 pm

Whales are showing a bullish stance on Carvana (CVNA) with significant options trading activity. 50% of trades are bullish, with a price target range of $75 to $200. Analysts have mixed ratings, with price targets ranging from $110 to $200.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:01 pm

Carvana (NYSE:CVNA) has outperformed the market over the past 5 years, producing an average annual return of 15.05%. A $100 investment in CVNA 5 years ago would be worth $200.18 today. The article highlights the impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 4:33 pm

Shares of auto and auto-related stocks are trading higher following a rise in July auto sales.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:30 pm

Carvana Co (NASDAQ:CVNA) shares surged by 7.72% to $143.78 on Tuesday, driven by a softer-than-expected Producer Price Index (PPI) report. The July PPI data showed a 0.1% month-over-month increase, below the anticipated 0.2%, fueling investor speculation of a potential aggressive interest rate cut by the Federal Reserve. This could ease Carvana's financial burden and make auto financing more affordable, potentially boosting sales and revenue.

Portfolio Pulse from Henry Khederian

August 13, 2024 | 5:15 pm

Loar Holdings Inc. (NYSE:LOAR) reported better-than-expected second-quarter earnings and sales, leading to an 18.2% increase in its stock price. Other notable gainers include iLearningEngines, Inc. (NASDAQ:AILE), Starbucks Corporation (NASDAQ:SBUX), PACS Group, Inc. (NYSE:PACS), Pulse Biosciences, Inc. (NASDAQ:PLSE), and Clean Energy Fuels Corp. (NASDAQ:CLNE), among others.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 3:44 pm

Deep-pocketed investors have shown a bullish approach towards Carvana (NYSE:CVNA), with significant options activity detected. The sentiment among these investors is mixed, with 48% bullish and 40% bearish. Analysts have varied price targets, ranging from $120 to $200. The stock is currently trading at $140.73, up by 5.43%.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 2:46 pm

Financial giants have made a bearish move on Carvana (NYSE:CVNA) with significant options trading activity. Analysis shows 48% bearish sentiment and 31% bullish sentiment among traders. The stock price is currently $136.87, up by 2.59%, with a potential price range of $85.0 to $200.0. Expert opinions vary, with target prices ranging from $110 to $200.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:31 pm

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