CVNA News

Carvana Co (NYSE:CVNA) shares are trading higher Thursday after the company reported better-than-expected results for the third quarter.

Piper Sandler analysts see significant upside in Carvana Co (NYSE: CVNA) with the stock down more than 90% from its peak.

Analysts have provided the following ratings for Carvana (NYSE:CVNA) within the last quarter:

Carvana Co (NYSE: CVNA) shares are trading higher Monday following an upgrade from Piper Sandler.

Carvana (NYSE:CVNA) has outperformed the market over the past 5 years by 4.61% on an annualized basis producing an average annual return of 14.8%. Currently, Carvana has a market capitalization of $3.91 billion.

Someone with a lot of money to spend has taken a bearish stance on Carvana (NYSE:CVNA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Wedbush has decided to maintain its Outperform rating of Carvana (NYSE:CVNA) and lower its price target from $120.00 to $90.00. Shares of Carvana are trading down 5.56% over the last 24 hours, at $57.11 per share. A move to $90.00 would account for a 57.59% increase from the current share price.