YieldMax Rolls Out New ETF For Investors To Tap Into Carvana's Rally And Generate Income
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2025
0mins
Source: Benzinga
New ETF Launch: YieldMax has launched the YieldMax CVNA Option Income Strategy ETF (CVNY), which allows investors to generate income while gaining exposure to Carvana's stock price movements through a synthetic covered call strategy with a net expense ratio of 0.99%.
Investment Performance: The ETF capitalizes on Carvana's significant stock rebound of approximately 465% over the past year, enabling investors to benefit from price fluctuations without directly owning the stock, while also managing over $7.35 billion in assets across various investment vehicles.
Analyst Views on CVNA
Wall Street analysts forecast CVNA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVNA is 475.88 USD with a low forecast of 360.00 USD and a high forecast of 550.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 455.020
Low
360.00
Averages
475.88
High
550.00
Current: 455.020
Low
360.00
Averages
475.88
High
550.00
About CVNA
Carvana Co. is a holding company. The Company operates an e-commerce platform for buying and selling used cars. The Company primarily acquires used vehicle inventory directly from customers, used car auctions, and wholesale used vehicle suppliers, including retail marketplace partners. Once it acquires a vehicle, the Company leverages its in-house logistics network or a vendor to transport the vehicle to one of its inspection and reconditioning centers (IRC) or auction locations with reconditioning capabilities, at which point the vehicle enters its inventory management system. It offers a mobile-optimized Website, where prospective retail car buyers can immediately begin browsing, researching, filtering, and identifying their vehicle of choice, where it offers an annotated virtual vehicle tour, which includes a 360-degree view of the interior and exterior of the actual vehicle. The Company also offers integrated financing using its loan origination platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
