Is Carvana's stock too volatile to handle? Check out the innovative used car dealer's financial health and future prospects. The next time you look up "volatility" in a dictionary, you might be met by a Carvana (CVNA -1.01%) logo. I'm kidding, of course, but the car-buying, vending-machine operator really is a paragon of extreme volatility. The most erratic member of the S&P 500 (SNPINDEX: ^GSPC) market index (where Carvana doesn't have a seat) is oil and gas explorer APA Corporation with a beta value of 3. ...

In the dynamic world of stock markets, there are only a few stories that capture investor attention like Carvana's (CVNA) . Over the past year, this used car e-retailer has witnessed a remarkable run on the bourses, with its stock surging more than 270%. This meteoric rise has not only outpaced the broader market but also left its peers — such as CarMax (KMX) , AutoNation (AN) and Sonic Automotive (SAH) — in the dust. However, after such a significant rally, the question on every investor's mind is whether ...

Shares of Carvana Co. (CVNA) have barely moved since the company reported second-quarter 2024 results on Jul 31, after market close. The used car e-retailer reported earnings of 14 cents per share, beating the Zacks Consensus Estimate of breakeven earnings. It had incurred a loss of 55 cents per share in the year-ago quarter. Revenues of $3.41 billion beat the Zacks Consensus Estimate of $3.23 billion and rose 15% year over year. Key Highlights Total gross profit amounted to $715 million, up 43% year over y ...

Earnings provide opportunities for outside moves and as volatility expands, I like to call this 'butterfly season'. And though I normally put both sides of the trade for bullish and bearish stances, today I will sit on one side of the trade with Carvana Today's post earnings trade comes to us from CARVANA ($CVNA) The premise is the following – over the next 45 days, we expect to see the stock move away from its current location – in a general mean reversion trade back into the moving averages below. Trade s ...

A surprise quarterly profit puts Carvana investors in the driver's seat. Used vehicle retailer Carvana (CVNA 2.44%) is about as cyclical as a business can get. If the economy is shaky, people will often keep driving their current vehicles rather than buy newer ones. Yet, even while America's economy struggled somewhat under high interest rates and stubborn inflation, Carvana and its shareholders had a successful 12 months. Now, its greatest triumph could be achieving profitability -- something that shouldn' ...

Carvana Today CVNA Carvana $135.31 -1.89 (-1.38%) 52-Week Range $25.09 ▼ $154.00 P/E Ratio 59.35 Price Target $143.60 Add to Watchlist Carvana Co. NYSE: CVNA operates an eCommerce platform selling used cars online to consumers. It's most well-known for its towering car vending machines placed alongside highways and in cities across the nation. Users can frictionlessly find and finance their car purchases online and then pick up the vehicles at a Carvana vending machine. The convenience of the seamless car-b ...

Carvana (NASDAQ: CVNA), the innovative online marketplace for used cars, has reported impressive Q2 2024 financial results, surpassing Wall Street's expectations. The company reported significant growth and profitability, marking a milestone in its journey to revolutionize the automotive retail industry. In Q2 2024, Carvana reported a remarkable 33% increase in retail units sold, totaling 101,440 vehicles. This impressive growth contributed to a 15% increase in revenue, which the company reported as $3.41 b ...

Almost two years ago, Carvana (NYSE: CVNA) was tethering on the brink of bankruptcy as it experienced a sharp 27% decline in used car sales throughout 2022, which caused its stock to plummet below $5 at one point. Since then, CVNA stock has posted an impressive recovery, surging over 3,500% and gaining almost 200% in 2024 alone; this resurgence and return to profitability make for one of the most remarkable stories on the stock market recently, surging from $48.87 on January 1 to $146.52 as of the latest cl ...

Key Takeaways Carvana reported a surprise profit and set records for adjusted EBITDA as retail vehicle sales surged. The online used car retailer predicted a record-setting year for EBITDA. The stock jumped to levels last seen more than two years ago. Shares of Carvana (CVNA) drove higher after the online used-car retailer posted a surprise profit and gave an upbeat full-year outlook. Carvana reported second-quarter adjusted earnings per share (EPS) of $0.14. Analysts were anticipating a loss. Revenue rose ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 1: Carvana Co. (CVNA) : This used car e-commerce company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days. Carvana's shares gained 14.3% over the last three months compared with the S&P 500's advanced of 9.1%. The company possesses a Momentum Score of A. QCR Holdings, Inc. (QCRH) : This multi-bank holding company ha ...