Shares of Carvana Co. Cl A (CVNA) are trading 12% higher at a price of $38.93 at the time of this writing.
- Carvana PT Lowered to $35 at RBC Capital
- Q2 GAAP EPS of -$2.35 misses by $0.47
- Revenue of $3.88B (+16.2% Y/Y) misses by $110M
- "We continue to expect sequential improvements in SG&A per retail unit sold in Q3 vs. Q2 and again in Q4 vs. Q3 on a consolidated basis, inclusive of ADESA SG&A expenses."
- "We continue to expect a return to >$4,000 total GPU and significant positive EBITDA in FY 2023, both including and excluding ADESA gross profit and SG&A expenses."
Carvana Co. Cl A has been trading between a 52-week high of $376.83 and a 52-week low of $19.45. The stock has a market cap of $1.82 Billion.
Founded in 2012 and based in Phoenix, Carvana's mission is to change the way people buy cars. By removing the traditional dealership infrastructure and replacing it with technology and exceptional customer service, Carvana offers consumers an intuitive and convenient online car buying and financing platform. Carvana.com enables consumers to quickly and easily shop more than 20,000 vehicles, finance, trade-in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana's patented, automated Car Vending Machines.
DraftKings, Zillow, Lyft, AMC and Other Stock Market MoversBarron''s
Carvana PT Lowered to $35 at RBC CapitalInvesting.com
Carvana Co. (CVNA) CEO Ernie Garcia on Q2 2022 Results - Earnings Call TranscriptSeeking Alpha
Stock Futures Flat Ahead of Jobs ReportBarron''s
Carvana Sold More Cars In the Latest Quarter. The Stock Is Rising.Barron''s
08-04-22As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
soccerstar93 - 6 upvotes - source
*CVNA misses revenue, on increased sales* Market: 💸💸💸💸💸💸💸💸 Cool cool cool...
OstrichNeither - 6 upvotes - source
i played earnings again cvna fubo put sq wbd dkng call
Tfarecnim - 5 upvotes - source
My brother in Christ, CVNA **is** the cancer.
njcuban123 - 3 upvotes - source
Holy fucking shit CVNA. Time to buy puts!
Awesome____Sauce - 3 upvotes - source
my cvna call is 40% otm and has an iv of 200% 💀
coys1111 - 3 upvotes - source
Earnings really are a scam. Can any of y’all explain to me how CVNA went up?
buydips_sellrips - 2 upvotes - source
TRIP 22C LYFT 19C CVNA 30P AH earnings positions \^\^\^\^
StophJS - 2 upvotes - source
I can't believe how much CVNA is running up ahead of earnings. It is going to make absolutely massive moves in one direction or the other afterwards.
bestaround79 - 2 upvotes - source
alright gents I just bought to open 5 puts of CVNA 10/22/22 P 22.5. So you should get long the stock or buy calls and make money off my misery.
I_am_not_a_murderer - 2 upvotes - source
CVNA ER gonna fuck bears cause it's 🤡 time now