Why Carvana’s Stock Is Trading Higher Today
Carvana Co (NYSE: CVNA) shares are trading higher by 4.5% at $349.50 Friday morning after the company reported better-than-expected second-quarter EPS and sales results.
Analyzing Carvana’s Unusual Options Activity
On Friday, shares of Carvana (NYSE:CVNA) saw unusual options activity. After the option alert, the stock price moved up to $357.3.
Stocks That Hit 52-Week Highs On Friday
Before 10 a.m. ET on Friday, 175 companies set new 52-week highs.
10 Biggest Price Target Changes For Friday
Piper Sandler boosted the price target for Moderna, Inc. (NASDAQ: MRNA) from $246 to $445. Moderna shares fell 1.6% to $409.55 in pre-market trading.
Keybanc Maintains Overweight on Carvana, Raises Price Target to $410
Keybanc analyst Edward Yruma maintains Carvana (NYSE:CVNA) with a Overweight and raises the price target from $360 to $410.
Carvana: Q2 Earnings Insights
Shares of Carvana (NYSE:CVNA) rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 141.94% over the past year to $0.26, which beat the estimate of ($0.41).
Carvana Q2 EPS $0.26 Beats $(0.41) Estimate, Sales $3.34B Beat $2.44B Estimate
Carvana (NYSE:CVNA) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $(0.41) by 163.41 percent. This is a 141.94 percent increase over losses of $(0.62) per share from the same
Earnings Scheduled For August 5, 2021
Companies Reporting Before The Bell
• OneSpaWorld Holdings (NASDAQ:OSW) is projected to report quarterly loss at $0.20 per share on revenue of $6.42 million.