Investors have shown a pronounced bullish sentiment toward Carvana (NYSE: CVNA), signaling potential significant market movements. Recent data from Benzinga’s options scanner revealed an unusual surge in options activity for Carvana, with 85 notable transactions tracked. The split among investors reflects some divergence: 49% leaning bullish, while 34% are bearish. Notably, 38 put options, valued at approximately $2.2 million, contrast with 47 calls, which amounted to about $3.5 million.
The data suggests that substantial investors, often referred to as “whales,” are targeting a wide price range for Carvana, estimated between $80 and $700 over the past three months. The analysis of volume and open interest provides insight into the liquidity and investor interest surrounding Carvana’s options at specific strike prices.
Recent transactions showcased a mix of bullish and bearish sentiments. For example, a sweep action on CVNA puts indicates a bullish sentiment for a March 2026 expiration, while a bearish trade was noted for a call option set to expire in December 2025. Carvana serves as an e-commerce platform specializing in the buying and selling of used cars, generating revenue from various channels, including vehicle sales, loans, and extended service contracts.
As of the latest trading session, Carvana’s stock price rose by 1.69% to $463.38, with a trading volume of over 1.3 million. Analysts have mixed perspectives: while some, like those from Citigroup and Jefferies, maintain buy ratings with targets of $550, others, such as Argus Research and UBS, have adjusted their ratings downward, reflecting cautious optimism.
Why this story matters: The fluctuations in Carvana’s options activity could signal potential stock market volatility and investor sentiment trends.
Key takeaway: A significant number of investors are betting on Carvana, indicating strong interest despite divided analyst opinions.
Opposing viewpoint: Some analysts are displaying caution, suggesting that the current market dynamics may not favor sustained bullish outcomes for Carvana stock.
