Subscribers to our new In-the-Money Countdown (ITMC) service scored a 102% profit in just two trading sessions with our Carvana Co (NYSE:CVNA) weekly 2/9 37.50-strike call. We recommended this contract on Sunday, Feb. 4, after the stock's Friday close of $43.45.At the end of last week, the stock was seeing support at its converging 80- and 160-day moving averages, as well as its 20-week trendline. The price was also near a pivot zone at $38-$40, and had pulled back near its 61.8% Fibonacci retracement level ...

OKLAHOMA CITY--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced its expansion of same day vehicle delivery to Oklahoma City. Now select Oklahoma City area residents can take delivery of their vehicle within hours of placing an order on Carvana.com. Select customers interested in selling their current vehicles to Carvana can also benefit from same day drop-off at specific locations throughout the state. “This was actually my first time buy ...

Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to $55.Company CEO and Chairman Ernie Garcia, III is optimistic about the future, believing that much of the cost-cutting is now done, CNBC reported Friday (Feb. 2).One of the key factors in Carvana’s turnaround has been its ability to reduce expenses, according to the report. Through layoffs and other cost-cutting measures, the company has taken $1.1 billion of annualiz ...

In this articleCVNAA Carvana sign and signature vending machine in Tempe, Ariz.Michael Wayland/CNBCPHOENIX – As layoffs and cost cuts roil Wall Street, from retail and shipping to tech and media, embattled online used car sales giant Carvana says its own restructuring is in the rear view.Carvana over the last 18 months aggressively restructured its operations and debt amid bankruptcy concerns to pivot from growth to cost-cutting. They were crucial moves for the company and its largest shareholders, includin ...

Carvana (CVNA) closed at $42.53 in the latest trading session, marking a -1.23% move from the prior day. This move lagged the S&P 500's daily gain of 1.25%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.The the stock of company has fallen by 7.77% in the past month, lagging the Retail-Wholesale sector's loss of 0.11% and the S&P 500's gain of 1.58%.The investment community will be paying close attention to the earnings performance of Carvana in its upcoming rele ...

Carvana, an industry pioneer for buying and selling used cars online, today unveiled a new paint scheme for Jimmie Johnson’s No. 84 Toyota that pays tribute to the Petty family’s illustrious 75-year tenure in racing. (Photo: Business Wire)Carvana, an industry pioneer for buying and selling used cars online, today unveiled a new paint scheme for Jimmie Johnson’s No. 84 Toyota that pays tribute to the Petty family’s illustrious 75-year tenure in racing. (Photo: Business Wire)PHOENIX--(BUSINESS WIRE)--Carvana, ...

Carvana (CVNA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -9.7%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Commerce industry, which Carvana falls in, has gained 0.8%. The key question now is: What could be the stock's future direction?Although media ...

SAN ANTONIO--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced the expansion of its same day vehicle delivery to select greater San Antonio residents. San Antonio area residents can now take delivery of a vehicle as soon as the same day they place an order on Carvana.com. Additionally, select customers interested in selling their current vehicle to Carvana can also benefit from same day drop-off. "I wanted to surprise my wife with a car fo ...

Carvana (CVNA) closed the latest trading day at $41.80, indicating a +1.95% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.07%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.36%.Shares of the company have depreciated by 25.33% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.02% and the S&P 500's gain of 3.05%.Market participants will be closely following the financial results ...

Amidst the turbulent seas of the stock market, the U.S. is facing a storm. The recent surge in December 2023 retail sales cast a shadow over the hopes of early interest rate cuts by the Federal Reserve this year. The unlikely robustness in consumer spending sent shockwaves through the market, pushing the 10-year Treasury yield to a 5-week high, now hovering over the 4.1% mark. Hence, against this grim backdrop, investors must fine-tune their portfolios by dumping the stocks to sell, as discussed in the arti ...