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
Revlon’s story is essentially over, whereas this stock could be worth more than what it is today if it executes its turnaround plan.
Carvana sought to disrupt the used-car market. Sales soared, but then came the less glamourous business of actually registering the cars.
CarMax reported better-than-expected quarterly earnings early Friday as strong pricing for used cars offset weaker volumes. CarMax stock jumped Friday, retaking a key level. “GPUs (gross profit per unit) were especially strong, above the historical band despite the increase in wholesale prices,” Stephens analyst Daniel Imbro wrote in a note to clients on Friday.
We’re officially in a bear market. The good news is that the market has two ends to it, meaning that we can profit from stock price appreciation as well as depreciation. Because of this, I have compiled a list of overvalued stocks to sell in this bear market. Click to EnlargeSource: Gurufocus I thought long and hard about how I’d structure this article. I will present you all with stocks that are trading above intrinsic value. In addition, I delved into the cyclical stage of the economy to figur
As so-called zombie companies run out of the cash needed to stay afloat, risk premiums will rise across the market, according to New Constructs.
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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by Team Stockjumpers