Carvana (CVNA) PT Raised to $11 at Citi, Stays Neutral

Citi doubles price target on Carvana (CVNA) following 4Q

Citi reiterated a Neutral rating on Carvana (NYSE: CVNA) and doubled their price target on the stock to $11.00 (From $5.50) after the company reported 4Q earnings results last week.

Carvana reported 4Q22 revenue 8% below consensus as retail unit sales declined 23% Y/Y and adj. EBITDA loss of $(291M) versus consensus of $(203M). Analyst, Ronald Josey wrote in a note... More

Carvana (CVNA) PT Lowered to $7 at Cowen

Cowen analyst John Blackledge lowered the price target on Carvana (NYSE: CVNA) to $7.00 (from $10.00) while maintaining a Market Perform rating.... More

Boeing, Adobe and Carvana fall premarket; Beyond Meat and Block rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, February 24th. Please refresh for updates.

Boeing (NYSE: BA) stock fell 2.5% after the FAA announced that the planemaker has temporarily halted deliveries of its 787 Dreamliner... More

JPMorgan Removes Carvana (CVNA) Price Target as 'Liquidity Bandwidth Thinning'

JPMorgan analyst Rajat Gupta reiterated a Neutral rating and removed its price target on Carvana (NYSE: CVNA), saying the "liquidity bandwidth" is thinning.

"We are removing our PT on CVNA after another reduction in estimates with our implied EV for the company... More

Carvana (CVNA) PT Increased to $10 at BofA Securities

(Updated - February 24, 2023 6:58 AM EST)

BofA Securities analyst Nat Schindler increased the price target on Carvana (NYSE: CVNA) to $12.00 (from $10.00) while maintaining a Neutral rating.

Carvana (CVNA) PT Lowered to $10 at Deutsche Bank, 'Still in early stage of path to profitability'

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Carvana (NYSE: CVNA) to $10.00 (from $16.00) while maintaining a Hold rating.

The analyst comments "Carvanas soft 4Q performance largely reflected the near-term challenges associated with the waning macro backdrop, with volumes declining again... More

Stocks expected to have increasing option volume: CVNA SQ BYND WBD CNK

Stocks expected to have increasing option volume: CVNA SQ BYND WBD CNK

Carvana reports wider loss in Q4 as falling used-car prices weigh; analyst sees uncertainty

(Updated - February 24, 2023 6:56 AM EST)

Investing.com -- Carvana reported Thursday a much wider than expected loss as a fall in used-car prices and spike in interest rates drove up costs.

Carvana Co (NYSE: CVNA) shares are down almost 5% in pre-market trading following the report.

The e-commerce used-car platform reported a loss of $7.61 a share on revenue of $2.84 billion, compared with street estimates for a loss... More

Carvana's net loss widens on cooling used car demand

(Reuters) - Carvana Co said on Thursday its net loss rose over nine-fold in the fourth quarter hurt by shrinking demand for pre-owned vehicles, sending its shares down 5% in extended trade.

The debt-laden used car retailer has been struggling to sell cars it acquired at elevated rates last year when semiconductor... More

Carvana Co. (CVNA) Misses Q4 EPS by $5.49

Carvana Co. (NYSE: CVNA) reported Q4 EPS of ($7.61), $5.49 worse than the analyst estimate of ($2.12). Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $3.07 billion.

For earnings history and earnings-related data on Carvana Co. (CVNA) click here.

Carvana Co. (CVNA) options active into quarter results and outlook

Carvana Co. (NYSE: CVNA) February weekly call option implied volatility is at 641, March is at 267; compared to its 52-week range of 77 to 267 into the expected release of quarter results today after the bell. Call put ratio 1.3 calls to 1 put.

Carvana Co. (CVNA) 30-day option implied volatility at 221 as shares sell off 2.8%

Carvana Co. (NYSE: CVNA) 30-day option implied volatility is at 221; compared to its 52-week range of 77 to 267 as shares sell off 2.8%.

Dow futures rise 85 pts; bullish Nvidia guidance boosts sentiment

By Peter Nurse

Investing.com -- U.S. stocks are seen opening higher Thursday, helped by positive earnings from chip giant Nvidia (NASDAQ: NVDA) ahead of the release of the latest reading of fourth-quarter growth.

At 07:00 ET (12:00 GMT), the Dow futures contract was up 85 points, or 0.3%, S&P 500 futures traded 20 points, or 0.5% higher, and Nasdaq 100 futures climbed 105 points, or 0.9%.

The major averages had a mixed close Wednesday as investors digested the minutes from the Federal Reserve policy-setting meeting earlier this month, seeking to determine the likely extent of future... More