Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its 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. The company was founded in 2012 and is headquartered in Tempe, Arizona.
IPO Year: 2017
Exchange: NYSE
Website: carvana.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/12/2024 | $155.00 | Buy | BTIG Research |
7/10/2024 | $160.00 | Hold → Buy | Needham |
5/2/2024 | $70.00 → $130.00 | Neutral → Overweight | JP Morgan |
3/12/2024 | $30.00 → $85.00 | Underperform → Hold | Jefferies |
3/8/2024 | $45.00 → $90.00 | Underperform → Sector Perform | RBC Capital Mkts |
2/23/2024 | Underperform → Mkt Perform | Raymond James | |
2/23/2024 | Mkt Perform → Outperform | William Blair | |
2/16/2024 | Mkt Perform → Underperform | Raymond James | |
12/4/2023 | $25.00 → $40.00 | Underweight → Neutral | JP Morgan |
10/12/2023 | $37.00 | Outperform → Neutral | Exane BNP Paribas |
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/19/24 $245.00 $26.3K 16.6K 99.6K GME CALL SWEEP BULLISH 07/26/24 $28.00 $28
JP Morgan analyst Rajat Gupta maintains Carvana (NYSE:CVNA) with a Overweight and raises the price target from $150 to $155.
Carvana (NYSE:CVNA) has outperformed the market over the past 5 years by 2.48% on an annualized basis producing an average annual return of 15.45%. Currently, Carvana has a market capitalization of $15.36 billion. Buying $1000 In CVNA: If an investor had bought $1000 of CVNA stock 5 years ago, it would be worth $2,197.60 today based on a price of $128.45 for CVNA at the time of writing. Carvana's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
Evercore ISI Group analyst Michael Montani maintains Carvana (NYSE:CVNA) with a In-Line and raises the price target from $135 to $140.
Financial giants have made a conspicuous bearish move on Carvana. Our analysis of options history for Carvana (NYSE:CVNA) revealed 10 unusual trades. Delving into the details, we found 10% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $91,260, and 7 were calls, valued at $571,320. Projected Price Targets Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $160.0 for Carvana over the last 3 months. Volume & Open Interest Trends Assessing the volume and open interest is a strategic step in options trading. These metrics shed li
BTIG analyst Marvin Fong initiates coverage on Carvana (NYSE:CVNA) with a Buy rating and announces Price Target of $155.
Carvana (NYSE:CVNA) has outperformed the market over the past 5 years by 5.79% on an annualized basis producing an average annual return of 19.48%. Currently, Carvana has a market capitalization of $16.86 billion. Buying $100 In CVNA: If an investor had bought $100 of CVNA stock 5 years ago, it would be worth $236.42 today based on a price of $141.00 for CVNA at the time of writing. Carvana's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
It’s another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set in May. Small caps continue their rally driven by strong bets on interest rate cuts, sustaining momentum after Thursday’s extraordinary surge. The Russell 2000 Index, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), has had its best week of the year, gaining over 6%. Each of the eleven S&P 500 sectors showed a gain Friday, with the index of the 500 largest U.S. corporations rising 0.9%. For the S&P 500, this marks the tenth positive week out of the last twelve. The Nasdaq 100 also
eSTART aims to Modernize Automotive Title and Registration Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, is proud to announce its participation in the Electronic Secure Title and Registration Transformation (eSTART) Coalition as a founding member. The eSTART Coalition is a group of automotive industry stakeholders advocating for the application of modern digital solutions to state and local DMV operations. "Carvana has changed the way people buy and sell cars in large part by using technology to drive better customer experiences, and we are excited to advocate for a similar evolution in vehicle title and registration as a founding member of the eSTART
Online Auto Retailer Debuts 39th Signature Car Vending Machine in U.S., Fifth in the Golden State Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today debuted its newest Car Vending Machine in San Diego, California. The state-of-the-art steel and glass structure stands an impressive six stories tall along the 8 in Mission Valley and has a 19-vehicle capacity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228663998/en/Carvana Opens 39th Iconic Vending Machine in Mission Valley (Photo: Business Wire) Now, local Carvana customers can enjoy the convenience and fun of picking up their vehicle
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Students of Local Technical School to Meet Racing Legend at Brickyard 400 Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, is excited to announce a unique collaboration with racing legend Jimmie Johnson to celebrate and support automotive education. As part of this partnership, Carvana and Jimmie Johnson will donate equipment and funds to the Arsenal Technical High School, a member of Indianapolis Public Schools (IPS), in conjunction with Johnson's highly anticipated Brickyard 400 race. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716838007/en/Students from Arsenal Tech High to receive don
Customers Can Now Realize Upfront Savings with Clean Vehicle Tax Credit Integration at Point of Sale Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced the launch of new features that make shopping for and buying a used electric vehicle (EV) or plug-in hybrid (PHEV) easier and more accessible for its customers. The streamlined process highlights vehicles that qualify for the Clean Vehicle Tax Credit in the search experience and allows eligible customers to apply the up to $4,000 in savings from the credit at checkout. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710973686/en/
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2024 financial results for the period ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Second Quarter 2024 Financial Results Conference Call When: Wednesday, July 31, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor Relations section of the company
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, hosted institutional investors and analysts for a tour of its Rocklin, CA Inspection and Reconditioning Center (IRC) on Tuesday, June 25, 2024. The event provided an in-depth look at the proprietary technology, processes and infrastructure underlying Carvana's reconditioning and fulfillment operations. Summarizing the event, J.P. Morgan wrote, "We believe CVNA's competitive moat continues to widen in the used car space, with operating leaders well aligned on importance of continuous improvement, and more importantly, long-term vision and culture, that should bode well for the company's performance d
Leading online auto retailer delivers instant gratification to area customers with faster vehicle delivery Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced its expansion of same day vehicle delivery to select residents of the greater Richmond, Virginia area. Now Richmond area customers can take delivery of a vehicle as soon as the same day they place an order on Carvana.com, and select customers interested in selling their current vehicle to Carvana can also benefit from same day drop-off. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626590580/en/Carvana now offers same day
Carvana (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, was named a 2024 CSO Award recipient by Foundry's CSO (an IDG company). This prestigious award recognizes 50 organizations for a security project or initiative that demonstrates outstanding business value and thought leadership in the fields of security and risk management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618834941/en/Carvana mobile app (Photo: Business Wire) Carvana's award-winning security project harnessed the power of cutting-edge phantom token technology to reduce friction and improve security in the Carvana site authent
Celebrating Father's Day, Carvana's No. 84 Toyota Spotlights Creativity with a Personal, Family-Centric Design Carvana, an industry pioneer for buying and selling used cars online, today revealed a one-of–a-kind paint scheme for the upcoming NASCAR Cup Series' Brickyard 400 race at the Indianapolis Motor Speedway. In celebration of Father's Day weekend, Jimmie Johnson's daughters, Genevieve (13) and Lydia (11), have designed a unique and heartfelt paint scheme for their father's racecar. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240613760005/en/Jimmie Johnson's Brickyard 400 paint scheme was designed by his two daughters
Online Auto Retailer's Same Day Delivery Radius Now Encompasses Approximately 25% of the US Population Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced its expansion of same day vehicle delivery to select residents of greater Newark, New Jersey. Now Newark area customers can take delivery of a vehicle as soon as the same day they place an order on Carvana.com, and select customers interested in selling their current vehicle to Carvana can also benefit from same day drop-off. With this launch, approximately 25% of the US Population lives within Carvana's same day delivery radius. This press release features multimedia. View the full release
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, presented today at the William Blair 44th Annual Growth Stock Conference, sharing progress and updates, including: Operating Plan One year ago, Carvana launched an internal plan that identified opportunities to strengthen unit economics over a 12-month period. This effort drove progress across every team, resulting in: Efficiency-driven growth. Despite continued focus on profitability initiatives and unit economics, Carvana grew retail units by 16% YoY in Q1, driven in part by improvements in conversion and customer experience. Substantial YoY improvements in unit economics. In Q1, non-GAAP GP
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced that Ernie Garcia, Carvana's Founder and Chief Executive Officer, will present to the investor community and host meetings at the upcoming William Blair Growth Stock Conference. William Blair 44th Annual Growth Stock Conference Presentation Date and Time: Thursday, June 6, 2024, at 11:20 AM CT* *A webcast of the presentation will be accessible on the Investor Relations section of the Carvana website (https://investors.carvana.com). An archived replay of the webcast will be available following the live presentation. About Carvana Carvana's mission is to change the way people buy
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Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2024 financial results for the period ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Second Quarter 2024 Financial Results Conference Call When: Wednesday, July 31, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor Relations section of the company
Achieves positive Net Income margin and industry-leading Adjusted EBITDA margin while growing retail units 16% year-over-year Sets new Q1 records on key profitability metrics: Net Income $49 million; Adjusted EBITDA $235 million Carvana expects sequential increases in YoY retail unit growth rate and Adjusted EBITDA in Q21 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2024. Carvana's complete first quarter 2024 financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of its Investor Relations website.
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2024 financial results for the period ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana First Quarter 2024 Financial Results Conference Call When: Wednesday, May 1, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the con
New records for full year profitability: Net Income $150 million; Adjusted EBITDA $339 million Total Gross Profit per Unit reached new full year record $5,511 GAAP and $5,984 non-GAAP and set quarterly records in all four quarters of 2023 In Q1, Carvana expects Adjusted EBITDA significantly above $100 million1 and retail units slightly up on a year-over-year basis Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter and full year ended December 31, 2023. Carvana's complete fourth quarter 2023 and full year 2023 financial results and management commentary can be found by accessing the Company's shar
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2023 financial results for the period ended December 31, 2023, after the market closes on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2023 Financial Results Conference Call When: Thursday, February 22, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the
Focus on profitability drives new Q3 bests: Net Income $741 Million; Adjusted EBITDA $148 Million Differentiated unit economics, including Q3 best GPU of $5,952 and Q3 best Non-GAAP GPU of $6,396, validate strength and profitability of Carvana business model Simultaneous 6% sequential retail unit growth and more than $400 per retail unit sequential SG&A expense reduction demonstrate early potential for significant operating leverage Q4 2023 focus remains on further differentiating unit economics; Carvana already has infrastructure in place to support efficient scale-up upon return to growth Carvana Co. (NYSE:CVNA), the fastest growing used car dealer in U.S. history, today announced
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2023 financial results for the period ended September 30, 2023, after the market closes on Thursday, November 2, 2023. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005793568/en/Carvana successfully disrupted the auto industry with a proven e-commerce model serving millions of satisfied customers and is the fastest growing used automotiv
The Nation's Largest Online Used Auto Retailer Also Expects To Achieve Positive Adjusted EBITDA In Third Quarter 2023, For The Second Consecutive Quarter Total gross profit per unit ("GPU") was $6,520, an increase of 94% compared to second quarter 2022, exceeding the Company's previous best quarter by 27% Total Non-GAAP GPU was $7,030, an increase of 91% compared to second quarter 2022, exceeding the Company's previous best quarter by 36% Total GAAP and Non-GAAP GPU benefited from approximately $900 per unit of non-recurring items Net loss margin was (3.5%), an improvement of 7.8% compared to second quarter 2022, and a sequential improvement of 7.5% compared to first quarter
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2023 financial results for the period ended June 30, 2023, before the market opens on Wednesday, July 19, 2023. On that day, management will hold a conference call and webcast at 8:00 a.m. ET (5:00 a.m. PT) to review and discuss the company's business and results. This announcement reflects a revision to the previously announced second quarter 2023 reporting date of August 3, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230718057707/en/Carvana successfully disrupted the auto industr
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2023 financial results for the period ended June 30, 2023, following the close of market on Thursday, August 3, 2023. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230706725162/en/Carvana successfully disrupted the auto industry with a proven e-commerce model serving millions of satisfied customers and is the fastest growing used automotiv
BTIG Research initiated coverage of Carvana with a rating of Buy and set a new price target of $155.00
Needham upgraded Carvana from Hold to Buy and set a new price target of $160.00
JP Morgan upgraded Carvana from Neutral to Overweight and set a new price target of $130.00 from $70.00 previously
Jefferies upgraded Carvana from Underperform to Hold and set a new price target of $85.00 from $30.00 previously
RBC Capital Mkts upgraded Carvana from Underperform to Sector Perform and set a new price target of $90.00 from $45.00 previously
Raymond James upgraded Carvana from Underperform to Mkt Perform
William Blair upgraded Carvana from Mkt Perform to Outperform
Raymond James downgraded Carvana from Mkt Perform to Underperform
JP Morgan upgraded Carvana from Underweight to Neutral and set a new price target of $40.00 from $25.00 previously
Exane BNP Paribas downgraded Carvana from Outperform to Neutral and set a new price target of $37.00
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