28 stories mentioning CVNAUpdated 9h ago
Every FINWIRES story that references CVNA, newest first.
Carvana (CVNA) has an average rating of overweight and mean price target of $85.93, according to analysts polled by FactSet.Price: $58.65, Change: $-7.67, Percent Change: -11.57%
Carvana (CVNA) has an average rating of overweight and mean price target of $85.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Stephen R Palmer, Vice President of Accounting, on July 01, 2026, sold 5,000 shares in Carvana (CVNA) for $342,633. Following the Form 4 filing with the SEC, Palmer has control over a total of 144,934 Class A common shares of the company, with 144,934 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000178355826000016/xslF345X05/wk-form4_1783027352.xml
Benjamin E. Huston, Chief Operating Officer, on July 01, 2026, sold 50,000 shares in Carvana (CVNA) for $3,427,285. Following the Form 4 filing with the SEC, Huston has control over a total of 458,755 Class A common shares of the company, with 458,755 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000170053726000016/xslF345X05/wk-form4_1783027358.xml
Mark W. Jenkins, Chief Financial Officer, on July 01, 2026, sold 63,750 shares in Carvana (CVNA) for $4,356,987. Following the Form 4 filing with the SEC, Jenkins has control over a total of 1,029,580 Class A common shares of the company, with 1,029,580 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000170054026000016/xslF345X05/wk-form4_1783027387.xml
The Dow Jones Industrial Average fell from record highs Wednesday as markets reacted to the Federal Reserve's first policy decision under Kevin Warsh's leadership.The Dow shed 1% to 51,492.6 after notching back-to-back closing highs. The Nasdaq Composite dropped 1.3% to 26,021.7, while the S&P 500 fell 1.2% to 7,420.1. All sectors ended in the red, led by communication services.The Fed kept its monetary policy steady Wednesday to mark its fourth consecutive pause, removing the so-called easing bias from its statement. Fed policymakers raised its interest rate expectations through 2028 and their inflation projections for 2026 and 2027.It was Warsh's first policy meeting as Fed chair, replacing Jerome Powell, who remains a Fed governor.Warsh said at a post-meeting press conference that he didn't submit his rate forecast in the dot plot, which anonymously shows individual members' expectations regarding monetary policy, CNBC reported."The FOMC stuck a more hawkish tone under (Warsh's) debut appearance as the new Fed chair," Thomas Feltmate, senior economist at TD Economics, said in a report.US Treasury yields jumped in late-afternoon trade, with the two-year rate last seen up about 16 basis points at 4.23% and the 10-year rate rising five basis points to 4.5%."The Fed's latest message was dramatically reduced from prior releases, perhaps a precursor (to) a new Warsh era of decisively more succinct language and more limited communication from Fed officials," Stifel Chief Economist Lindsey Piegza said in a report e-mailed to.West Texas Intermediate crude oil was up 0.1% at $76.14 a barrel in Wednesday late-afternoon trade, while Brent was little changed at $78.98.A draft agreement between the US and Iran includes a mechanism for Tehran to gain access to at least $300 billion in financing, as well as a commitment from the Islamic Republic that it will never produce nuclear weapons.A formal signing ceremony is scheduled to take place in Switzerland Friday, which would kick off a 60-day period of further talks.US President Donald Trump said Wednesday that the proposed memorandum of understanding with Iran is "not final" and that Washington would resume military operations if he doesn't like the Tehran deal, CNBC reported.The International Energy Agency lowered its global oil demand forecast for 2026 amid war-driven headwinds while projecting a rebound next year."While the US-Iran interim agreement paves the way for a rebound in Middle East (oil) exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the agency said.In economic news, US retail sales rose more than expected in May as consumers kept spending despite higher prices, official data showed.In company news, CarMax's (KMX) fiscal first-quarter earnings fell year over year as comparable used vehicle sales swung negative. The used-vehicle retailer's shares slid 9%.Carvana (CVNA) shares sank 10%, the steepest decline on the S&P 500.Gold was down 2.2% at $4,258.60 per troy ounce, while silver slumped 4.1% to $67.17 per ounce.
US equity indexes were lower on Wednesday as government bond yields rose and the Federal Reserve announcement excluded any language hinting at near-term rate cuts.* "Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East," the Fed statement said. "Job gains have kept pace with the workforce, and the unemployment rate has changed little."* Iran accused Israel of violating the truce in Lebanon 84 times since it reached the interim agreement with the US and warned of a "harsh response" if attacks continue, Al Jazeera reported.* July West Texas Intermediate crude oil fell $0.10 to settle at $75.95 per barrel, while August Brent crude, the global benchmark, was last seen down $0.08 at $78.87.* Moderna (MRNA) plans to invest in production sites in Germany and is interested in the plants that BioNTech (BNTX) has slated for closure, according to a Google translation of a Wednesday report from German news outlet Handelsblatt. Moderna shares were up roughly 12%, the top gainer on the S&P 500, and BioNTech stock was up about 2.9%.* Carvana (CVNA) shares were down nearly 10%, the worst performer on the S&P 500, after competitor CarMax's (KMX) fiscal Q1 earnings fell year over year on Wednesday as comparable used vehicle sales swung negative and its management flagged higher margin pressure in the near term.
CarMax's (KMX) fiscal Q1 was moderately better, helped by better than expected gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival Carvana (CVNA) and traditional dealerships with deeper inventories.Truist maintained its hold rating and $47 price target on the stock.Price: $47.62, Change: $-4.49, Percent Change: -8.62%
CarMax's (KMX) fiscal Q1 earnings fell year over year on Wednesday as comparable used vehicle sales swung negative.Shares dropped 8%, with intraday trading volume rising to more than 6 million from the stock's daily average of about 3.4 million.EchoStar (SATS) Chief Legal Officer Dean Manson sold 10,000 shares of the company for about $1.30 million on June 12, according to a Securities and Exchange Commission filing.Shares were down more than 6% as intraday trading volume climbed to over 9.6 million from a daily average of about 8.4 million.Carvana (CVNA) Director Ira Platt sold 15,000 shares of the company for about $1.01 million, according to a Securities and Exchange Commission filing.Shares traded lower by 8.6%, with intraday volume at about 10.1 million, versus the stock's daily average of roughly 12.5 million.Price: $47.83, Change: $-4.28, Percent Change: -8.21%
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday ahead of the Federal Reserve's latest monetary policy decision and new central bank chair, Kevin Warsh's, press conference.The Dow Jones Industrial Average was up 0.4% at 52,202.7 after midday Wednesday, after closing at a record high in the previous session. The Nasdaq Composite and the S&P 500 were little changed at 26,367.7 and 7,511, respectively, intraday Wednesday.Among sectors, communication services saw the steepest decline, while industrials paced the gainers.The Fed is scheduled to announce its interest rate decision at 2 pm ET. Markets widely expect the central bank to keep rates unchanged for a fourth consecutive time, according to the CME FedWatch tool.Warsh, who assumed the Fed chair role last month, is expected to hold a press conference at 2:30 pm."I would expect the balance of the dots projection to remove the median participants call for a rate cut this year, but for Warsh's press conference to sound more neutral-dovish than the dots, which he'll likely boycott," Derek Holt, head of capital markets economics at Scotiabank, said in a note.West Texas Intermediate crude oil was up 0.8% at $76.68 a barrel intraday, while Brent rose 0.7% to $79.49.A draft agreement between the US and Iran includes a mechanism for Tehran to gain access to at least $300 billion in financing, as well as a commitment from the Islamic Republic that it will never produce nuclear weapons, news outlets reported.A formal signing ceremony is scheduled to take place in Switzerland Friday, which would kick off a 60-day period of further talks.US President Donald Trump said Wednesday that the proposed memorandum of understanding with Iran is "not final" and that Washington will "go right back to dropping bombs" if he doesn't like the Tehran deal, CNBC reported.The International Energy Agency lowered its global oil demand forecast for 2026 amid war-driven headwinds while projecting a rebound next year."While the US-Iran interim agreement paves the way for a rebound in Middle East (oil) exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the agency said.US Treasury yields were mixed intraday, with the two-year rate increasing 2.1 basis points to 4.07% and the 10-year rate little changed at 4.43%.In economic news, US retail sales rose more than expected in May as consumers kept spending despite higher prices, official data showed.In company news, CarMax's (KMX) fiscal first-quarter earnings fell year over year as comparable used vehicle sales swung negative. The used-vehicle retailer's shares were down 8.1% intraday.Carvana (CVNA) shares sank 7.1%, the steepest decline on the S&P 500.La-Z-Boy (LZB) shares surged nearly 20%. Late Tuesday, the furniture manufacturer reported a year-over-year gain in fiscal fourth-quarter earnings and said it expected sales to outperform the industry in the ongoing quarter.Gold was up 0.6% at $4,381.60 per troy ounce, while silver rose 0.9% to $70.64 per ounce.
Ira J. Platt, Director, on June 15, 2026, sold 15,000 shares in Carvana (CVNA) for $1,017,375. Following the Form 4 filing with the SEC, Platt has control over a total of 354,880 Class A common shares of the company, with 186,470 shares held directly and 168,410 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000170245526000008/xslF345X05/wk-form4_1781650283.xml
CarMax (KMX) is expected to report "flat" Q1 comparable used-vehicle sales, up from prior forecast for a 3% decline, Truist Securities said in a Tuesday note.The brokerage said flat comps would imply an acceleration on a two-year basis to 8% from about 3%, though that remains "far shy" of the roughly 30% growth rate being posted by Carvana (CVNA).Truist raised its Q1 earnings estimate to $1.06 per share from $1.03 but said investors are still trying to assess "how much [gross profit per unit] they had to give up" to generate the improved sales trend.CarMax is scheduled to report results before the market opens Wednesday.Truist raised its price target to $47 from $37 and maintained a hold rating.Price: $52.63, Change: $+0.41, Percent Change: +0.79%
Carvana's (CVNA) latest securitization of finance receivables looks "slightly less" favorable quarter-on-quarter, RBC Capital Markets said in a note Thursday.The investment firm lowered its other gross profit per unit, or GPU, estimates by 2.1%, 2.5%, 1.5% for Q2, Q3, and Q4, and by 1.2% for 2027. Relative to Q1, APRs in the mid-May deal declined by 13 basis points, with excess spread down 66 basis points and the over-collateralization target up 50 basis points, all working against gain on sale, RBC added.Offsets that the firm is factoring in include Carvana's hedging program, lengthening prime loan durations, higher retail unit volumes quarter-on-quarter and slightly higher average selling price, according to the note.Additionally, the firm said it updated its retail unit cohort model gauging expectations on market share gains for Carvana as Street's 2026 and 2027 estimates appear a bit more aggressive than prior years.RBC lowered its price target to $85 from $92 and maintained its outperform rating on the stock.Carvana shares were down 4.9% in Friday trading.Price: $64.48, Change: $-3.34, Percent Change: -4.92%
J Danforth Quayle, Director, on June 10, 2026, sold 14,525 shares in Carvana (CVNA) for $1,016,750. Following the Form 4 filing with the SEC, Quayle has control over a total of 277,460 Class A common shares of the company, with 214,960 shares held directly and 62,500 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000121041226000006/xslF345X05/wk-form4_1781213824.xml
Carvana's (CVNA) logistics optimization, workflow standardization, and AI-driven labor management initiatives reinforce confidence in the company's ability to ramp operations profitably, RBC Capital Markets said in a Thursday report.During a recent facility tour for analysts in Ohio, the company showcased its cost efficiency roadmap, including the proprietary CARLI software system to manage vehicle processing; streamlined reconditioning processes, and AI-enabled training systems, RBC said.AI-powered labor allocation that dynamically adjusts staffing midday based on throughput predictions should help address the Q4 bottlenecks, which impacted retail operations, the analysts said.RBC reiterated its outperform rating on Carvana, with a price target of $92.Price: $66.65, Change: $+0.45, Percent Change: +0.69%
Benjamin E. Huston, Chief Operating Officer, on April 29, 2026, sold 10,000 shares in Carvana (CVNA) for $3,849,592. Following the Form 4 filing with the SEC, Huston has control over a total of 105,962 Class A common shares of the company, with 105,962 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000170053726000010/xslF345X05/wk-form4_1777676468.xml
Stephen R Palmer, Vice President of Accounting, on May 01, 2026, sold 1,000 shares in Carvana (CVNA) for $395,320. Following the Form 4 filing with the SEC, Palmer has control over a total of 32,891 Class A common shares of the company, with 32,891 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000178355826000010/xslF345X05/wk-form4_1777676496.xml
Mark W. Jenkins, Chief Financial Officer, on April 29, 2026, sold 12,750 shares in Carvana (CVNA) for $4,936,671. Following the Form 4 filing with the SEC, Jenkins has control over a total of 210,127 Class A common shares of the company, with 210,127 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000170054026000010/xslF345X05/wk-form4_1777676502.xml
Carvana (CVNA) remains a compounder with years of market gains ahead after posting a solid Q1 rebound, RBC Capital Markets said in research report emailed Friday.The company's robust Q1 results come after a Q4 gross profit per unit misstep that cast doubt on its margin expansion and execution abilities, according to the note.Retail units beat rendered the forward setup attractive, but Q2 retail GPU is likely to face headwinds amid lagging pricing, analysts wrote.The company said that with around 2% market share in the US used vehicle retail market, it remains in the initial days of customer awareness and adoption, RBC noted.Advertising has been ramping on a per-unit basis in recent quarters, which the company views as a critical component of the growth strategy alongside improving the customer experience and growing inventory selection, according to the brokerage.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $460 per share from $440.Price: $380.71, Change: $-15.09, Percent Change: -3.81%
Carvana Co (CVNA) has an average rating of overweight and mean price target of $451.48, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $380.20, Change: $-16.53, Percent Change: -4.17%
Showing 1-20 of 28
