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☆ Cowen downgrades Carvana, cites 'lengthened' path to profitability in a difficult macro environment
▼ + stars: | 2022-11-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A 'lengthened' path to profitability has Cowen concerned over the long-term trajectory for battered used vehicle stock Carvana . Analyst John Blackledge downgraded the company to market perform from outperform in a note to clients Monday. Carvana shares dipped slightly in the premarket. He trimmed the company's price target to $10 a share, suggesting shares could gain 42%, or roughly $3, from Monday's close. The analyst previously had a price target of $55.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more
▼ + stars: | 2022-11-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Cowen downgrades Peloton to market perform from outperform Cowen said there's too much uncertainty around the stock. "We downgrade PTON to Market Perform on challenging post-pandemic trajectory and demand uncertainty amid turnaround effort." Cowen downgrades Lyft to market perform from outperform Cowen said it sees macro and insurance cost headwinds. Cowen downgrades Wayfair to market perform from outperform Cowen downgraded the stock due to macro headwinds. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley said its survey checks show that "GOOGL's position at top of e-com funnel remains strong."

☆ Stocks making the biggest moves in the premarket: Walt Disney, Carvana, Coinbase and more
▼ + stars: | 2022-11-21 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Take a look at some of the biggest movers in the premarket:Walt Disney (DIS) – Walt Disney rallied 8.8% in premarket trading after the weekend announcement that former Chairman and CEO Bob Iger is returning as chief executive, replacing Bob Chapek. Carvana (CVNA) – Carvana fell 3.9% in the premarket after The Wall Street Journal quoted analysts as saying the online used car retailer could run out of cash within a year. Coinbase (COIN) – Coinbase slid 6.8% in premarket trading, with the cryptocurrency exchange's shares falling in the wake of rival FTX's bankruptcy. Alibaba (BABA) fell 3.4% in premarket trading, JD.com (JD) dropped 5.3%, Baidu (BIDU) lost 2.7% and Pinduoduo (PDD) slid 2.8%. Williams-Sonoma (WSM) – The housewares retailer's stock fell 1.9% in premarket trading after Barclays downgraded it to "equal weight" from "overweight," pointing to the negative impact of a weakening housing market.

☆ Oppenheimer downgrades Carvana as risks mount for the used car platform
▼ + stars: | 2022-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Brian Nagel downgraded the used car platform to perform from outperform. Nagel expects an adjusted EBITDA loss of $998 million in 2022, which is a greater drop than the prior forecast of a $912 million loss. The used car platform's third-quarter earnings showed EBITDA came in below expectations. Used car sales down were down 8% as consumers moved away from big-ticket goods as inflation pinched pocket books. He said the stock should be helped by a moderation of used car prices that should in turn aid consumer demand and sentiment among core buyers.

☆ Here are Tuesday's biggest analyst calls: Tesla, Amazon, Netflix, First Solar, Carvana & more
▼ + stars: | 2022-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop reiterates Apple as buy Loop said it sees macro headwinds building for Apple. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said investors should buy the dip in shares of Tesla. Morgan Stanley names CBOE a top pick Morgan Stanley said the global markets company has a compelling entry point. Barclays reiterates Amazon as overweight Barclays said it sees a favorable risk/reward for Amazon shares right now. " AMZN shares remain out of favor heading into peak holiday season owing to its sub-seasonal revenue guide and AWS deceleration."

☆ Why investors have jumped off the Carvana bandwagon
▼ + stars: | 2022-11-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

He touted the company's "landmark" second-quarter results on Aug. 5, 2021 that included the used car retailer's first-ever quarterly net profit. Analyst Adam Jonas cited deterioration in the used car market and a volatile funding environment for the change. Jonas said "a deterioration in the used car market combined with a volatile interest rate/funding environment" made for a "material risk" to the company. Used vehicle prices have so far remained steady, but that may not last long, as the wholesale costs continue to decline. The average used listing price for a used vehicle is stabilizing but remains near record highs of more than $28,200, according to Cox Automotive.

☆ JPMorgan cuts Carvana price target, asserts used vehicle retailer is 'far from out of the woods'
▼ + stars: | 2022-11-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Expect more trouble ahead for Carvana , JPMorgan Chase says. Analyst Rajat Gupta slashed the bank's price target on the used-vehicle seller to $10 from $20 a share, citing the company's mounting net debt and ongoing volume pressures. To be sure, JPMorgan views a downturn scenario where Carvana can ride out the headwinds. But the company's rising net debt and "direction of fundamentals" is not enough to support the current price target, Gupta wrote. JPMorgan's new price target means shares could rally 35% from Monday's close.

☆ Here are Tuesday's biggest analyst calls: Apple, Meta, Lyft, Nvidia, Roblox, Freshpet & more
▼ + stars: | 2022-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Deutsche Bank reiterates Roblox as buy Deutsche says it expects a strong earnings report for Roblox when the online gaming platform company releases results on Wednesday. Deutsche Bank upgrades Dave & Buster's to buy from hold Deutsche said in its upgrade of the stock that it sees a "compelling" risk/reward. Bank of America reiterates Meta as neutral Bank of America says it sees too many headwinds for Meta shares right now. Bank of America reiterates Nvidia as buy Bank of America says it's standing by shares of Nvidia heading into earnings next week. Deutsche Bank reiterates Electronic Arts as a top pick Deutsche says it's very bullish on the company's upcoming release slate. "

☆ Carvana stock plummets as used car prices fall
▼ + stars: | 2022-11-07 | by ( Jennifer Korn | ) edition.cnn.com time to read: +3 min

Carvana’s fall indicates a wider trend in the used car sector, as car prices that have been elevated fall due to rising interest rates and talk of recession. Trouble for the used car world started months ago, with car prices getting so high that many customers were priced out. Shares of CarMax (KMX), the nation’s largest used car dealer, are down 50% since the start of the year. The result has been that used car prices have declined 10.6% compared to a year ago, according to the Manheim Used Vehicle Value Index, which tracks average used car prices. Now, used car companies like Carvana are dealing with the decline.

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Stocks making the biggest moves premarket: DraftKings, Cinemark, Hershey and more
▼ + stars: | 2022-11-04 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell:DraftKings (DKNG) – DraftKings fell 12.5% in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. Hershey (HSY) – Hershey rose 1% in the premarket after quarterly results beat estimates and the candy and chocolate maker raised its sales and profit outlook. PayPal (PYPL) – PayPal shares slid 6.9% in the premarket despite better-than-expected quarterly profit and revenue for the payment service operator. Block (SQ) – Block shares surged 14% in premarket action after it reported quarterly revenue and profit that beat Wall Street forecasts. Carvana (CVNA) – Carvana slid 7.4% in premarket trading after the used-car retailer reported worse-than-expected quarterly results.

☆ What Cramer is watching Friday — Starbucks soars on China hope, jobs growth still strong
▼ + stars: | 2022-11-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Coterra Energy (CTRA): In Q3, nearly 500% year-on-year revenue growth to $2.52 billion. Cowen downgrades, sees acute pressure from worsening macro; management pulled 30% growth target. Warner Bros Discovery (WBD): $2.5 billion in cash, $50 billion in gross debt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Carvana slides on wider-than-expected loss as used car demand shrinks
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Carvana Co (CVNA.N) on Thursday reported a higher-than-expected loss in the third quarter as inflated car prices and aggressive interest rate hikes dented demand for used cars, sending shares of the company tumbling over 10% in extended trading. The used-car retailer said retail units sold in the quarter declined 8% to 102,570 and it expects a further fall in the current quarter. The pandemic-led demand boom for personal transport is waning as rising inflation puts a strain on people's pockets, prompting them to rethink big-ticket purchases. Carvana, famous for its car vending machines, earlier this year laid off around 2,500 employees, or 12% of its workforce, in a bid to cut costs among its other measures. read moreIt reported a July-September quarter net loss of $2.67 per class A share, wider than analysts' estimates of a $1.94 loss per class A share, according to Refinitiv.

☆ JPMorgan upgrades Carvana, says investors have a better handle on risks
▼ + stars: | 2022-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Carvana and its investors seem to be getting a hold of the company's troubles, according to JPMorgan. Analyst Rajat Gupta upgraded shares of Carvana to neutral from underweight, saying that investors have a better handle on the risks around the used car seller after its decline this year, and that the company can better manage its liquidity. The analyst maintained his December 2022 price target of $20, which is roughly 48% upside from Monday's closing price of $13.53. Carvana shares down more than 90% this year, and Gupta expects that the retailer is "not out of the woods" yet as it deals with rising interest rates and a poor macro backdrop for used car sales. Still, Carvana will not deal with the same level of write-down risk like some of its peers such as CarMax, he said in the note.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Nike, Monster, AMD, Carvana, CVS & more
▼ + stars: | 2022-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Bank of America reinstates Deckers as buy Bank of America called Deckers a "rare, consistent compounder." Deutsche Bank reiterates Amazon as buy Deutsche said "macro challenges are no doubt pressuring ad budgets" for Amazon, but the company continues to be well positioned. JPMorgan upgrades Carvana to neutral from underweight JPMorgan said in its upgrade of the stock that risks are now better understood. JPMorgan upgrades Monster to outperform from neutral JPMorgan said the beverage giant has an "attractive narrative." Bank of America reiterates Advanced Micro Devices as buy Bank of America said shares of AMD are attractive heading into earnings Tuesday afternoon.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Three-Stock Lunch: CVNA, TGT & MSFT
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: CVNA, TGT & MSFTBill Stone, chief investment officer at The Glen View Trust Company, joins 'Power Lunch' to discuss three stocks involved in some of Wall Street's biggest calls: Target, Carvana, and Microsoft.

☆ Carvana downgraded by Wedbush with shares down 90% this year and business model 'sputtering'
▼ + stars: | 2022-10-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The once-blazing Carvana is stalling as the market for used cars shrinks and issues with its business model become harder to gloss over, according to Wedbush. Analyst Seth Basham downgraded the stock to neutral and cut the price target a whopping 70% to $15, now implying the stock has downside of 17.7%. The online platform for used cars was a pandemic winner as economic shutdowns led consumers away from car lots and toward its website. Its pandemic closing high of $360.98 in August 2021 was nearly 300% higher than its trading value at the start of 2020. Basham said the downgrade stems not just from sliding demand, but from concerns over how Carvana does business as the company's cost base is too high.

☆ Here are Tuesday's biggest analyst calls of the day: Tesla, Amazon, Alphabet, Carvana, Target & more
▼ + stars: | 2022-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Wedbush downgrades Carvana to neutral from buy Wedbush said in its downgrade of Carvana that it sees severe cash burn and deteriorating market conditions. Jefferies upgrades Target to buy from hold After a change in analyst coverage, Jefferies upgraded the big box retailer and said it sees "margin improvement." Goldman Sachs reiterates Chipotle as buy Goldman said the stock is too compelling to ignore heading into earnings next week. " Deutsche Bank reiterates Microsoft as buy Deutsche Bank said Microsoft is still the "best house on the block" heading into earnings next week. " Barclays reiterates Amazon as overweight Barclays sad investors should buy the stock ahead of earnings later this month.

☆ What Cramer is watching Tuesday — J&J beat, Salesforce gets an activist, stocks surge
▼ + stars: | 2022-10-18 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Tuesday, Oct. 18, 2022 Club holding Johnson & Johnson (JNJ) reports an impressive quarter. Activist investor Starboard takes a major stake in Club holding Salesforce (CRM), sees significant opportunity. Club holding Microsoft (MSFT) cuts people, continues to invest, but calls for slowest quarterly revenue growth in more than five years. Barclays cuts price target on Charles Schwab (SCHW) to $73 per share from $81. Barclays cuts price target on Unity Software (U) to $33 per share from $49.

☆ Used cars have become unaffordable
▼ + stars: | 2022-09-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN Business —High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers. That’s bad news for CarMax, the nation’s largest used car dealer. Shares of used car rival Carvana (CVNA) fell about 18% and AutoNation (AN), the nation’s largest new car dealer, fell 11%. Used car prices — although down 2% in August from the record high reached in January — are still up 48% from August 2019, according he Consumer Price Index, a key inflation measure. New car prices hit a record in August, up 30% over the last three years.

☆ Mexican used-car startup Kavak lands $810 mln in debt financing
▼ + stars: | 2022-09-20 | by ( Kylie Madry | ) www.reuters.com time to read: +2 min

A logo of used autos platform Kavak is pictured on a car in Mexico City, Mexico, August 25, 2020. The HSBC financing comes in the form of a forward flow agreement, Kavak said, in which the bank will buy collection rights for a set of Kavak's used car loans. Kavak, which calls itself the largest pre-owned car operation in the world, was Mexico's first "unicorn," a startup worth more than $1 billion. The startup for the first time expanded outside of Latin America, launching operations in Turkey, in July. Our debt is cheap, even under a AAA bond on the Mexican stock exchange," he said.

As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. GM and Ford both must manage the costs of launching new electric vehicles. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday. In the United States, GM's sales for the first quarter fell by 20%. Ford's U.S. sales fell by 17% in the first quarter compared with a year ago.

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