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
Canoo Inc (NASDAQ:GOEV) stock closed Friday up 4.6% after CEO Tony Aquilla bought over 9 million additional shares of the EV maker. Filings with the SEC showed that on November 9, 2022, Canoo entered into the Subscription Agreement providing for the purchase of an aggregate of 9,009,009 shares of Common Stock at a price of $1.11 per share for an aggregate purchase price of $10.0 million.
Carvana’s (NYSE: CVNA) stock price plummeted 97% this year as investors fretted over the online used car dealer’s slowing growth, widening losses, and exposure to macroeconomic headwinds. What does Carvana do? Carvana was founded 10 years ago, and it aimed to disrupt traditional user car dealerships with two main strategies.
(Bloomberg) — The spectacular plunge of Carvana Co.’s stock price is bringing pain to many investors, but one elite group on Wall Street is feeling it acutely — hedge funds. Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsThe Treasury Market’s Big Recession Trade Is Gathering MomentumUkraine’s Victories May Become a Problem for the USThe online used-car dealer, which has seen its shares fall 97% in the last 12 months, was considered a hedge-fund darling, and
Concerns are mounting around Carvana, the “Amazon of used cars.” The online car retailer was an investor darling during the pandemic. Carvana was a pioneer in the new way of buying and selling vehicles with its model of car vending machines.
One of the C-suite executives at the Tempe-based online used-vehicle retailer bought a large chunk of company shares on the open market, typically a sign that management is confident that the share price will increase.
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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