Check Out What Whales Are Doing With CVNA - Carvana (NYSE:CVNA)

Core Insights - Investors are showing a bullish stance on Carvana (NYSE:CVNA), with significant options trading activity indicating potential upcoming movements in the stock [1][11] - The overall sentiment among large traders is mixed, with 41% bullish and 39% bearish positions noted in recent options trades [2] - The predicted price range for Carvana over the last three months has been identified between $15.0 and $610.0 based on options volume and open interest [3] Options Activity - A total of 51 uncommon options trades for Carvana were detected, with 20 puts amounting to $1,199,668 and 31 calls totaling $2,174,716 [2] - Significant options trades include various call and put options with notable strike prices, indicating diverse investor sentiment and strategies [7] - The analysis of volume and open interest provides insights into liquidity and interest levels for Carvana's options, particularly within the identified strike price range [4] Company Overview - Carvana operates as an e-commerce platform for buying and selling used cars, generating revenue primarily from used vehicle sales, wholesale vehicle sales, and additional revenue streams such as financing and insurance [8] - The company's business model is heavily reliant on retail vehicle unit sales, which constitute the majority of its revenue [8] Analyst Opinions - Recent insights from five industry analysts suggest an average target price of $488.0 for Carvana, reflecting a generally positive outlook [10] - Individual analyst ratings vary, with targets ranging from $425 to $550, indicating a consensus on the stock's potential for growth [13]