Carvana, a prominent player in the online used car marketplace, has recently caught the attention of a high-profile investor with deep pockets, as indicated by publicly available options history. On September 19, 2023, Benzinga’s options scanner discovered 13 unusual options trades related to Carvana, revealing a mixed sentiment among these influential traders, with 30% displaying a bullish outlook and 69% adopting a bearish stance.
Among the noteworthy options trades, three puts were identified, amounting to a substantial sum of $299,450, while ten calls were observed, totaling $792,541. Considering the trading volume and open interest associated with these contracts, it becomes evident that institutional investors, often referred to as whales, have been strategically targeting a price range spanning from $40.0 to $60.0 for Carvana over the past three months.
When conducting a thorough analysis of a stock, it is crucial to examine the volume and open interest of both calls and puts at specific strike prices. This approach provides valuable insights into the market sentiment surrounding a particular stock. To facilitate this process, investors and traders can utilize various websites such as TipRanks, Nasdaq, Market Chameleon, Macroaxis, MarketBeat, and Barchart, all of which offer comprehensive information on Carvana’s options chain.
By leveraging these resources, market participants can gain a deeper understanding of the trading activity and sentiment surrounding Carvana, enabling them to make informed investment decisions.
Updated on: 04/12/2023
Debt to equity ratio: Strong Sell
Price to earnings ratio: Neutral
Price to book ratio: Sell
DCF: Strong Buy
ROE: Strong Buy
5:00 AM (UTC)
Date:04 December, 2023
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CVNA Stock Performance on September 19, 2023: Mixed Results and Future Outlook
CVNA stock had a mixed performance on September 19, 2023, according to data from CNN Money. The stock opened at $52.02 and fluctuated within a range of $46.01 to $53.00. The trading volume for the day was 6,950,887 shares. The market capitalization of CVNA is $9.9 billion.
CVNA experienced a drastic decline of -865.45% in earnings growth in the previous year, but has shown some positive signs this year with an earnings growth of +67.60%. The projected earnings growth for the next five years is -7.00%.
CVNA reported a revenue growth of +6.17% in the last year. However, the company’s financials are still not in a healthy state, as evidenced by its negative earnings and net profit margin of -11.67% in the previous year.
CVNA does not have a P/E ratio listed, which may indicate that the company is currently not profitable. The price-to-sales ratio is 0.04, suggesting that the stock is relatively cheap compared to its revenue.
On September 19, 2023, CVNA’s stock performance was influenced by the performance of other companies in the industry. Carmax Inc (KMX) saw a decline of -1.31%, while Openlane Inc (KAR) experienced a slight increase of +0.26%. America’s CAR-MART Inc (CRMT) also had a negative performance, with a decline of -1.44%.
CVNA’s next reporting date is set for November 2, 2023. The EPS forecast for this quarter is -$1.26. In the previous year, the company generated $13.6 billion in annual revenue but reported a significant loss of -$1.6 billion in annual profit.
CVNA operates in the retail trade sector, specifically in the specialty stores industry. The company’s corporate headquarters are located in Tempe, Arizona.
Overall, CVNA’s stock performance on September 19, 2023, was mixed. While the company has shown some improvements in its earnings and revenue growth, it still faces challenges in terms of profitability and financial health. Investors should closely monitor the company’s future financial reports to assess its progress.
CVNA Stock Performance Stable with Slight Decrease Forecast, Analysts Recommend Holding
CVNA stock performances on September 19, 2023 were relatively stable, with a median target price forecast indicating a slight decrease from the last price. According to data from CNN Money, the 17 analysts offering 12-month price forecasts for Carvana Co had a median target of $45.00, with a high estimate of $63.00 and a low estimate of $15.00. The median estimate represents a -3.85% decrease from the last price of $46.80.
Furthermore, the current consensus among 23 polled investment analysts is to hold stock in Carvana Co. This rating has held steady since September, when it was unchanged from a hold rating. This suggests that analysts are not expecting any significant upward or downward movements in the stock in the near future.
Carvana Co reported a loss of $1.26 per share in the current quarter, but the company’s sales reached $2.7 billion. The reporting date for these figures is set for November 2.
Investors should closely monitor any updates or changes in the company’s financial performance and analyst ratings to make informed investment decisions.