Carvana (CVNA)
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Carvana: This Slide Is A Great Buying Opportunity (Rating Upgrade)
Seeking Alpha· 2025-01-07 06:42
Market Outlook - 2025 is not a year for passive investing, as beating the markets will require active strategies [1] - The market in 2024 was dominated by a few large-cap companies like NVIDIA (NVDA) and overarching themes like AI [1] Analyst Background - The analyst, Gary Alexander, has combined experience covering technology companies on Wall Street and working in Silicon Valley [1] - He serves as an outside adviser to several seed-round startups, giving him exposure to many of the themes shaping the industry today [1] - He has been a regular contributor on Seeking Alpha since 2017 and his articles are syndicated to company pages in popular trading apps like Robinhood [1] Disclosure - The analyst has no stock, option, or similar derivative position in any of the companies mentioned but may initiate a beneficial Long position in CVNA over the next 72 hours [2] - The article expresses the analyst's own opinions and he is not receiving compensation for it other than from Seeking Alpha [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2]
Carvana Renews Ties With Ally Financial After Hindenburg Report
PYMNTS.com· 2025-01-06 20:55
Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial.The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller Hindenburg Research claiming that Ally was stepping back from its partnership with the online vehicle marketplace.A report by Bloomberg News noted that this deal upholds a key relationship for Carvana, which sells used cars, originating loans to its buyers before selling the receivables to other lenders. The report, citing ...
Carvana (CVNA) Shares Tumble as Forensic Research Firm Hindenburg Takes Aim, Concludes Company's Turnaround is a "Mirage" - Hagens Berman
Prnewswire· 2025-01-06 20:46
CVNA Investors with Losses Encouraged to Contact the Firm SAN FRANCISCO, Jan. 6, 2025 /PRNewswire/ -- Carvana Co. (NYSE: CVNA) shares tumbled nearly 13% during the two days ended Jan. 3, 2025 as the market digested a scathing report published by Hindenburg Research on Jan. 2, 2025.Hagens Berman has opened an investigation and urges investors in Carvana shares who suffered substantial losses to submit your losses now.Visit: www.hbsslaw.com/investor-fraud/cvnaContact the Firm Now: [email protected] ...
Carvana (CVNA) Shares Tumble as Forensic Research Firm Hindenburg Takes Aim, Concludes Company's Turnaround is a “Mirage” – Hagens Berman
GlobeNewswire News Room· 2025-01-03 22:32
SAN FRANCISCO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Carvana Co. (NYSE: CVNA) shares tumbled nearly 13% during the two days ended Jan. 3, 2025 as the market digested a scathing report published by Hindenburg Research on Jan. 2, 2025. Hagens Berman has opened an investigation and urges investors in Carvana shares who suffered substantial losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/cvna Contact the Firm Now: CVNA@hbsslaw.com 844-916-0895 Carvana Co. (CVNA) Investigation: The investig ...
Why Carvana Stock Went in Reverse Today
The Motley Fool· 2025-01-03 22:31
Shares of Carvana (CVNA -11.22%) were heading lower today as investors continued to respond to a short report from Hindenburg Research that accused the online used car dealer of not disclosing related-party transactions, among other things.Carvana, which has gotten frothy after skyrocketing from near-bankruptcy, fell 11% on the news. Carvana faces more questionsIn a lengthy report yesterday, Hindenburg said the company's turnaround was a "mirage," and noted $800 million in loan sales to a suspected undisclo ...
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Carvana Co. (NYSE: CVNA) and Urges Investors with Substantial Losses to Contact the Firm
Prnewswire· 2025-01-03 20:24
Company Overview - Carvana Co is an online retailer specializing in used vehicles [2] Allegations and Investigation - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Carvana Co due to allegations of providing potentially misleading business information to investors [1] - Hindenburg Research accused Carvana of deceptive financial practices, including questionable accounting and undisclosed loans to a related party amounting to $800 million [3] - The report highlights risks such as lax loan underwriting practices, falling vehicle prices, and rising subprime loan delinquencies [3] Financial and Operational Concerns - Between August 2020 and August 2021, Garcia III and his father, Ernest Garcia II, sold $3.6 billion worth of Carvana stock [4] - Carvana's stock rose 284% in 2024 and is described as "exorbitantly valued" [4] - The CEO's father sold another $1.4 billion of CVNA stock as the company faces increasing credit losses and a 20% drop in its customer base since 2021 [4] - Carvana has nearly 1,000 complaints and a 1.1-star rating from the Better Business Bureau, raising concerns about its viability [4]
JPMorgan Sticks With Outperform Call on Carvana Despite Short-Seller Report
Investopedia· 2025-01-03 18:05
Key TakeawaysCarvana stock dropped for the second day in a row after Hindenburg Research disclosed a short position in the company.However, JPMorgan analysts said their own research into Carvana hasn't revealed any "red flags."The concerns raised about auto-industry loan defaults are not new and demand for used cars is strong, the analysts said. Carvana (CVNA) shares continued their slide Friday after short-selling firm Hindenburg Research declared a short position in the company, but JPMorgan analysts stuc ...
Hindenburg Short Report Slams Carvana Over Alleged 'Grift'
MarketBeat· 2025-01-03 16:14
Polarizing activist short-seller Hindenburg Research—known for its bombshell reports alleging corporate fraud and other malfeasance by companies including Nikola Corp. NASDAQ: NKLA and India's Adani Group—published on January 2, 2025, an article about its latest target: Carvana Co. NYSE: CVNA. Carvana TodayCVNACarvana$194.82 -4.74 (-2.38%) 52-Week Range$40.21▼$268.34P/E Ratio19,501.50Price Target$229.18Add to WatchlistIn the report, Hindenburg alleges that the $44-billion online car dealer's stock spike of ...
Carvana Chart Weakens As Momentum Indicators Turn Bearish, Short Report Hits
Benzinga· 2025-01-03 13:42
Carvana Co. CVNA has been a rollercoaster for investors, with a jaw-dropping 327% rally over the past year overshadowed by a 21.97% dip in the last month. But behind the flashy headlines is a stock chart showing signs of fatigue. Chart created using Benzinga ProCarvana Stock Chart: All Signals Point SouthCarvana’s stock has dropped below key simple moving averages (Eight, 20 and 50-day), a textbook sign of a bearish trend. Adding to the challenges:The stock’s price of $199.56 is far below its eight-day SMA ...
It's Time to Buy the Dip on Carvana Stock
Schaeffers Investment Research· 2024-12-19 18:58
Carvana Co (NYSE:CVNA) stock is 2.2% lower at $227.97 at last glance, after sector peer CarMax (KMX) smashed third-quarter earnings estimates. The equity is in the midst of a pullback, pacing for its third-straight loss and shedding 13.5% so far in December. It might be time to buy the dip, however, as history shows the online used car retailer's shares are near a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, CVNA is within striking distance of it ...