| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Whales with a lot of money to spend have taken a noticeably bearish stance on Carvana.
Looking at options history for Carvana (NYSE:CVNA) we detected 96 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 22 are puts, for a total amount of $899,324 and 74, calls, for a total amount of $4,714,278.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $590.0 for Carvana during the past quarter.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Carvana's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Carvana's significant trades, within a strike price range of $80.0 to $590.0, over the past month.

| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVNA | CALL | SWEEP | NEUTRAL | 03/20/26 | $143.9 | $142.35 | $142.35 | $230.00 | $370.6K | 49 | 28 |
| CVNA | CALL | SWEEP | BULLISH | 03/20/26 | $134.95 | $133.15 | $134.95 | $240.00 | $202.3K | 44 | 17 |
| CVNA | PUT | TRADE | NEUTRAL | 10/31/25 | $23.4 | $22.0 | $22.7 | $350.00 | $170.2K | 315 | 160 |
| CVNA | CALL | SWEEP | NEUTRAL | 04/17/26 | $154.8 | $153.15 | $153.15 | $220.00 | $168.5K | 6 | 12 |
| CVNA | CALL | SWEEP | BULLISH | 05/15/26 | $185.0 | $182.55 | $185.0 | $185.00 | $129.3K | 0 | 7 |
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.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $473.0.
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. * In a cautious move, an analyst from BTIG downgraded its rating to Buy, setting a price target of $450. * In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $500. * In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $475. * An analyst from BTIG has revised its rating downward to Buy, adjusting the price target to $450. * An analyst from JP Morgan has decided to maintain their Overweight rating on Carvana, which currently sits at a price target of $490.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carvana options trades with real-time alerts from Benzinga Pro.
Posted In: CVNA