JUMP REPORT
CARVANA (CVNA)
EARNINGS RELEASE - AUGUST 5 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.83/share REV: 1,140/M
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LAST QTR: EPS: -.66/share ACTUAL: -1.18/share (MISS)
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NEXT QTR: EPS: -.69/share REV: 1,410/M
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FULL YR: EPS: -3.34/share REV: 5,180/M
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BEAT/MISS RECORD: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 10.9, -20.14, -10.59
EXPECTED JUMP MOVE THIS QUARTER: 15%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
The stock market round-tripped big initial gains as AI plays such as Nvidia retreated. Carvana soared late on earnings.
Carvana (CVNA) delivered earnings and revenue surprises of 46.05% and 12.74%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Comprehensive Analysis of Carvana’s Earnings Beat and Strategic Milestones
Shares of Carvana (CVNA) are surging after hours on Wednesday as the company posted its first quarter earnings, revealing it surpassed Wall Street expectations with revenue of $3 billion against an expected $2.68 billion. In addition, CEO Ernest Garcia III claimed the company delivered the best results in its history. Shares of eBay (EBAY) are sliding after the company posted its first quarter earnings, beating Wall Street expectations on both the top and bottom line but missing on expectations for its second quarter forecast. MGM Resorts (MGM) stock rises as the company beat Wall Street expectations on the top and bottom line with its first quarter earnings. The company’s success is partly due to boosted revenue from its segment in China, growing almost 70% year-over-year. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
Carvana stock jets higher as the used car industry disruptor lays down another plank in its recovery effort.
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
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ANALYSIS:
StockJumpers trajectory analysis has a mixed market response post release. This is a VERY overpriced stock and is due for correction, and the data suggests it will but may not be until the following day. We are biased short on this event and will sell at market close, even if there is another small bump post release we will hold the position into tomorrow. (We are looking for it to drop over the next few days,)
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OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET: 15%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 2,051,943 Market Cap: 23.16B
Sector: None Short Interest: 40.73
Ticker delayed 20 minutes
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