Carvana Stock News

(Reuters) – Online used-car seller Carvana has agreed to buy KAR Global’s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.

The deal for ADESA U.S. will help Carvana, which said its retail-sales growth flattened late last year, increase the number of cars it can sell.

Benzinga’s after-hours earnings roundup aims to deliver quick details about a company''s earnings report, its forward-looking guidance and any other notable details. The list is handpicked by the reporters on the Benzinga Pro Newsdesk team. Coinbase Global (NASDAQ: COIN ) reported quarterly earnings of $3.32 per share. The company reported quarterly sales of $2.50 billion, which beat the analyst consensus estimate of $1.91 billion by 30.89%. Shares are trading 3.02% lower after-hours to $174.14. Carvana (NYSE: CVNA ) reported quarterly sales of $3.75 billion, which beat the analyst consensus estimate of $3.53 billion by 6.32%. Shares are trading 14.31% lower after-hours to $108.00. Rocket Companies (NYSE: RKT ) reported quarterly earnings of $0.32 per share, which missed the consensus estimate of $0.37 by 13.51%. The company reported quarterly sales of $2.44 billion, which missed the analyst consensus estimate of $2.63 billion by 7.41%. Shares are trading 2.25% lower after hours to $11.

Carvana Co. stock fell nearly 6% in the extended session Thursday after the online used-car retailer posted a wider-than-expected quarterly loss and said that high used-car prices are causing potential buyers to give up or delay buying a vehicle. Carvana said it lost $182 million, or $1.02 a share, in the fourth quarter, compared with a loss of $154 million, or 87 cents a share, in the year-ago quarter. Revenue rose 105% to $3.8 billion, Carvana said. Factset consensus called for a loss of 79 cents a share on sales of $3.5 billion for Carvana. The average used vehicle in Carvana''s inventories increased in price by more than 30%, the company said. "High used-vehicle prices have a significant impact on industry-wide used vehicle sales, since higher prices reduce affordability, leading some buyers to forgo or delay their purchases," the company said. In addition, the first quarter is likely to be "a tougher quarter" thanks to "supply-chain challenges brought on by the omicron variant and severe winter storms and the recent rapid increase in short-term interest rates," Carvana said.

KAR Auction Services (KAR) surged 55.4% higher after hours on announcing that Carvana will acquire the company''s ADESA U.S. physical auction business in an all-cash transaction valued…

Carvana press release (CVNA): Q4 GAAP EPS of -$1.02 misses by $0.15.Revenue of $3.75B (+104.9% Y/Y) beats by $240M.Retail units sold totaled 113,016 an increase of 57%.EBITDA margin…

Carvana (NYSE:CVNA) is scheduled to announce Q4 earnings results on Thursday, Feb. 24, after market close.Consensus EPS estimate is -$0.82 and consensus revenue estimate is $3.51B

Russia stocks fall amid a continuing conflict in Ukraine. TPX plunged on earnings news. KMX and CVNA set new lows. MTOR and HMHC jumped on separate merger deals.

Steel City Capital, an investment management firm, published its fourth-quarter 2021 investor letter a copy of which can be downloaded here.

Related Stocks: CVNA , ROAD , RIVN , EXPE , TXRH , PCG , IQV ,

Carvana Co. - Class A (CVNA) shares closed 3.0% lower than its previous 52 week low, giving the company a market cap of $6B. The stock is currently down 41.7% year-to-date, down 54.3% over the past 12 months, and up 1118.3% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 2.7%. Trading Activity Trading volume this week was 15.9% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 643.2% The company's stock price performance over the past 12 months lags the peer average by 37.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Carvana may double its revenue this year, but it''s paying more for cars and there are other troubling signs. The post Carvana Stock Will Likely Keep Falling as the Bears Take Control appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” Get in Now on Tiny $3 ‘Forever Battery’ Stock Interested in Crypto? Read This First…

Related Stocks: USFD , LIVN , KBR , CVNA , DEN , PTON , TGI , FB , VMW , LAD , DELL , EPAY , CSTM ,

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. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with CVNA, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 13 uncommon options trades for Carvana. This isn''t normal. The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish. Out of all of the special options we uncovered, 10 are … Full story available on Benzinga.com