Carvana (CVNA) PT Raised to $60 at DA Davidson

Carvana (CVNA) cut at RBC Capital as margin improvements now 'overly-appreciated'

July 20, 2023 8:53 AM EDT

Carvana Co. (NYSE: CVNA) was cut to Underperform from Sector Perform at RBC Capital on Thursday, with analyst Brad Erickson lifting the firm's price target on the stock to $30 from $9 per share.

The analyst said CVNA's better second-quarter results, debt restructuring, and newly... More

Carvana (CVNA) PT Raised to $55 at Deutsche Bank, 'we believe management is taking the appropriate measures'

July 20, 2023 6:25 AM EDT

Deutsche Bank analyst Emmanuel Rosner raised the price target on Carvana (NYSE: CVNA) to $55.00 (from $11.00) while maintaining a Hold rating.

The analyst comments "Looking ahead, management is guiding for retail units to remain roughly flat QoQ enabling yet another Ebitda positive quarter in 3Q, with the... More

Carvana Co. (CVNA) option implied volatility amid wide price movement

July 19, 2023 11:26 AM EDT

Carvana Co. (NYSE: CVNA) 30-day option implied volatility is at 148; compared to its 52-week range of 112 to 266 amid wide price movement.

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Carvana (CVNA) 'continues to right-size operations' - Deutsche Bank

July 19, 2023 10:50 AM EDT

Reacting to Carvana Co.'s (NYSE: CVNA) earnings release, Deutsche Bank analyst Emmanuel Rosner said the company's results were "very strong" even compared to its pre-announcement at the beginning of June.

Carvana "continues to right-size operations to bridge toward sustainably positive... More

Goldman Sachs, Johnson&Johnson fall premarket; Carvana, Microsoft rise

July 19, 2023 8:29 AM EDT

Investing.com -- U.S. futures traded largely unchanged Wednesday, consolidating after recent strong gains as investors digest a deluge of important corporate earnings.

Here are some of the biggest premarket U.S. stock movers today:

Goldman Sachs (NYSE: GS) stock fell 0.2%... More

Carvana Co. (CVNA) Files To Sell 35M Shares

July 19, 2023 7:03 AM EDT

(Updated - July 19, 2023 7:08 AM EDT)

Carvana Co. (CVNA) has filed the following:

On July 19, 2023, the Company entered into an agreement with Citigroup Global Markets Inc. and Moelis & Company LLC, whereby the Company may sell up to the greater of a number of shares of Class A common stock representing an aggregate offering price of $1.0 billion or an aggregate number of 35 million of its shares of Class A Common Stock, from time to... More

Carvana (CVNA) stock rallies on earnings beat, deal to restructure debt

July 19, 2023 6:43 AM EDT

(Updated - July 19, 2023 7:18 AM EDT)

Carvana (NYSE: CVNA) shares are moving sharply higher in pre-market Wednesday after the used car retailer said it has struck a partnership to restructure its debt.

The agreement with a group of noteholders will eliminate more than 83% of Carvanas 2025 and 2027 unsecured note maturities and lower required cash interest expense by over $430 million per year for the next two years, the... More

Carvana Co. (CVNA) Q2 revenues beat

July 19, 2023 6:38 AM EDT

Carvana Co. (NYSE: CVNA) reported Q2 EPS of ($0.55), which may not compare to the analyst estimate of ($1.15). Revenue for the quarter came in at $2.97 billion versus the consensus estimate of $2.6 billion.

The company reported a net loss of $105 million, adjusted EBITDA of $155... More

Carvana Co. (CVNA) Announces Agreement With Noteholders That Will Provide The Company Significant Flexibility

July 19, 2023 6:31 AM EDT

Carvana Co. (NYSE: CVNA), the fastest growing used car dealer in U.S. history, today announced that it entered into a transaction support agreement (the Support Agreement) with a group of noteholders representing over 90% of the aggregate principal amount outstanding of the Companys existing senior unsecured notes.

The strong performance of our business in 2023 presented an opportunity for an impactful and win-win transaction for Carvana and its senior unsecured noteholders, said Mark Jenkins, Carvanas Chief Financial Officer. This transaction significantly increases our financial flexibility by reducing our total debt, extending maturities, and lowering... More

Carvana Co. (CVNA) option IV into quarter results

July 19, 2023 5:20 AM EDT

Carvana Co. (NYSE: CVNA) 30-day option implied volatility is at 165; compared to its 52-week range of 112 to 266 into moving up earnings report to today.

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After-hours movers: Carvana falls after pushing up EPS report, Constellation Brands gains on Elliott agreement

July 18, 2023 5:36 PM EDT

After-Hours Stock Movers:

Aqua Metals, Inc. (Nasdaq: AQMS) 26% LOWER; intends to offer and sell shares of its common stock in an underwritten public offering.

HighPeak Energy, Inc. (NASDAQ: HPK)... More

Carvana Co. (CVNA) sinks after pushing up earnings date by two weeks

July 18, 2023 4:56 PM EDT

Shares of Carvana Co. (NYSE: CVNA) are down 8% after-hours Tuesday after moving up its earnings date by more than two weeks.

Carvana Co. (NYSE: CVNA) will report its second quarter 2023 financial results for the period ended June 30, 2023,... More

Carvana Co. (CVNA) Moves Second Quarter Earnings From August 3 to July 19

July 18, 2023 4:54 PM EDT

(Updated - July 18, 2023 4:56 PM EDT)

Carvana Co. (NYSE: CVNA) Moves Second Quarter Earnings From August 3 to July 19

Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will... More

Carvana Co. (CVNA) Climbs 10%

July 18, 2023 10:51 AM EDT

Carvana Co. (NYSE: CVNA) Climbs 10%

... More