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
Shares of Opendoor Technologies (NASDAQ: OPEN) were soaring again today as the meme-stock tailwind that has pushed the online home-flipping stock up in recent weeks seemed to gain strength today, even though there was no company-specific news out on the stock. The notion that Opendoor could be the next Carvana seems to be picking up steam online in social media forums like X and Reddit, and trading volume in the stock has soared. Opendoor has performed remarkably over the short term as the stock has now nearly tripled in just the last few weeks.
Carvana’s valuation is in the stratosphere, and the company needs to hit its optimistic long-term targets. IonQ is battling larger companies like IBM and Alphabet in an industry that could still be many years away from commercial viability. Two prime examples are Carvana (NYSE: CVNA) and IonQ (NYSE: IONQ).
Trade Desk will join the S&P 500 before Friday’s open, with Synopsys closing its Ansys takeover by Thursday. Robinhood led big snubs once again.
Shares of online used car dealer Carvana (NYSE: CVNA) jumped 3.2% in the morning session after investment firm Gordon Haskett initiated coverage on the stock. Analyst Robert Mollins began coverage with a “Hold” rating and set a price target of $329.00 for the online used-car retailer. A “Hold” rating typically suggests that an analyst believes the stock will perform in line with the broader market and recommends that investors maintain their current position. While not a “Buy” rating, the initia
Rivian downgraded, PayPal upgraded: Wall Street’s top analyst calls
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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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