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Options Traders Eye Carvana (CVNA) Stock Rebound After Earnings Dip
Options Traders Eye Carvana (CVNA) Stock Rebound After Earnings Dip
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BTCCSquare news:
Carvana's Q3 earnings report delivered record growth but failed to impress the market, triggering a 14% stock decline. Despite beating analyst expectations with $1.03 EPS and $5.65 billion revenue, investor concerns about Root warrant valuations overshadowed results. The used-car retailer's shares have since rebounded from $300 lows to $330, suggesting traders see a buying opportunity.
Unit sales grew 44% YoY to 155,941 vehicles, with Q4 guidance projecting 150,000 units sold. The disconnect between strong fundamentals and market reaction creates an asymmetric bet for derivatives traders. Volatility skew in options pricing indicates greater demand for calls than puts—a bullish signal for contrarian investors.
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