Whales with a lot of money to spend have taken a noticeably bearish stance on Carvana.
Looking at options history for Carvana CVNA we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $126,211 and 6, calls, for a total amount of $453,385.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $280.0 to $520.0 for Carvana over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carvana's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carvana's whale trades within a strike price range from $280.0 to $520.0 in the last 30 days.
Carvana Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVNA | CALL | TRADE | NEUTRAL | 09/19/25 | $64.4 | $63.1 | $63.75 | $290.00 | $159.3K | 389 | 25 |
| CVNA | CALL | TRADE | NEUTRAL | 09/19/25 | $56.0 | $54.9 | $55.45 | $300.00 | $138.6K | 818 | 25 |
| CVNA | CALL | TRADE | BULLISH | 06/17/27 | $59.0 | $57.05 | $59.0 | $520.00 | $59.0K | 224 | 10 |
| CVNA | CALL | SWEEP | NEUTRAL | 08/08/25 | $2.1 | $2.1 | $2.1 | $360.00 | $42.0K | 1.6K | 0 |
| CVNA | PUT | SWEEP | BULLISH | 08/08/25 | $2.12 | $2.11 | $2.11 | $340.00 | $33.5K | 1.1K | 1.2K |
About Carvana
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
After a thorough review of the options trading surrounding Carvana, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Carvana's Current Market Status
- Trading volume stands at 524,008, with CVNA's price up by 0.44%, positioned at $352.28.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 84 days.
Professional Analyst Ratings for Carvana
5 market experts have recently issued ratings for this stock, with a consensus target price of $445.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from JP Morgan has decided to maintain their Overweight rating on Carvana, which currently sits at a price target of $415. * An analyst from Needham persists with their Buy rating on Carvana, maintaining a target price of $500. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Carvana with a target price of $440. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Carvana, targeting a price of $490. * An analyst from DA Davidson has decided to maintain their Neutral rating on Carvana, which currently sits at a price target of $380.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carvana with Benzinga Pro for real-time alerts.
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