Carvana (CVNA) PT Raised to $130 at RBC Capital

Morgan Stanley sees nearly 40% downside risk for Carvana stock

In a note Monday, Morgan Stanley analysts maintained an underweight rating on Carvana (NYSE: CVNA) shares, raising the price target to $75 from $45. This suggests a 40% downside risk from current levels.

Throughout 2023, Carvana transitioned from a distressed equity into an operational turnaround with a restructured... More

Carvana (CVNA) PT Raised to $108 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner raised the price target on Carvana (NYSE: CVNA) to $108.00 (from $66.00) while maintaining a Hold rating.

The analyst comments "Yesterdays considerable positive stock reaction to Carvanas Q1 print, in our view, reflects market enthusiasm around the companys reiteration of positive momentum heading into rest of year, as it demonstrates... More

Carvana (CVNA) PT Raised to $110 at Baird

(Updated - May 2, 2024 6:30 AM EDT)

Baird analyst Colin Sebastian raised the price target on Carvana (NYSE: CVNA) to $110.00 (from $65.00) while maintaining a Neutral rating.

The analyst commented: "We expect shares to trade significantly higher off strong Q1 results and... More

JPMorgan Upgrades Carvana (CVNA) to Overweight

JPMorgan analyst Rajat Gupta upgraded Carvana (NYSE: CVNA) from Neutral to Overweight with a price target of $130.00 (from $70.00).

The analyst comments "We move to OW from N on CVNA shares after the company delivered another strong print with above seasonal unit growth and further improvement in unit economics. Adjusted EBITDA of $235 mn in 1Q24 was ahead of our street high $180 mn (and vs. cons of $131 mn) with implied 2Q guide of $235 mn+ also well ahead of prior JPM/cons of $172/$136 mn. The rapid... More

Carvana (CVNA) PT Raised to $103 at Evercore ISI

Evercore ISI analyst Michael Montani raised the price target on Carvana (NYSE: CVNA) to $103.00 (from $77.00) while maintaining a In Line rating.

Carvana shares soar on upbeat forecast for core profit, retail sales

(Reuters) -Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit.

Carvana's results come as high interest rates prompt consumers to look for deals on second-hand cars instead of buying new ones.

Its shares, which have a short interest of 27% of free float, are up about 65% this year after recording an 11-fold rise last... More

After-hours movers: Qualcomm, Carvana rise; DoorDash, Etsy, Fastly fall

After-Hours Stock Movers:

DoorDash (NASDAQ: DASH) fell 12% after it issued guidance for full year operating profit that trailed estimates.

Qualcomm (NASDAQ: QCOM) rose 4% after it published strong results for its second quarter and issued guidance that... More

Carvana stock rockets over 30% after 'best results in company history'

Carvana Co. (NYSE: CVNA) reported on Wednesday first-quarter earnings that smashed analyst expectations, leading to a stock price surge of more than 33% in after-hours trading.

The used car retailer reported earnings per share (EPS) of $0.23 for the quarter, significantly surpassing the consensus expectation of a $0.67 loss per share. The company... More

Carvana Co. (CVNA) Tops Q1 EPS by 90c

Carvana Co. (NYSE: CVNA) reported Q1 EPS of $0.23, $0.90 better than the analyst estimate of ($0.67). Revenue for the quarter came in at $3.06 billion versus the consensus estimate of $2.68 billion.

Outlook:
Our financial performance clearly demonstrates the significant power... More

Carvana (CVNA) May weekly option implied volatility into quarter results

Carvana (NYSE: CVNA) May weekly call option implied volatility is at 268, May is at 122; compared to its 52-week range of 74 to 203 into the expected release of quarter results today after the bell.

Carvana (CVNA) May weekly 84 straddle priced into quarter results

Carvana (NYSE: CVNA) May weekly 84 straddle priced for a mov of 18% into the expected release of quarter results today after the bell.

Carvana (CVNA) May weekly option implied volatility into quarter results

Carvana (NYSE: CVNA) May weekly call option implied volatility is at 223, May is at 126; compared to its 52-week range of 74 to 203 into the expected release of quarter results after the bell on May 1.

Carvana (CVNA) May weekly 84 straddle into quarter results

Carvana (NYSE: CVNA) May weekly 84 straddle priced for a mov of 17% into the expected release of quarter results after the bell on May 1.