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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
10/08/2024 10:02:00 EST
Carvana Co (CVNA)
Industry: Auto & Truck Dealerships
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CVNA has been trading in a range between $176.95 and $130.72 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CVNA is breaking above top of the recent 20 day range at $176.95 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Carvana Co $CVNA entered a Green zone 20 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $40.28, a potential down side of -77.59% from the recent price of 179.73. The stock is trading 2.05% (potential upside) below its 52 week high of $183.41 and 616.34 % (potential downside) above its 52 week low of $25.09 - based on the recent price.
Company Summary
Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.
News
| Carvana Announces Auction-IRC ‘Megasite' Integration in Las Vegas LAS VEGAS--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite' integration in Las Vegas. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Las Vegas wholesale auction site while maintaining all digital and in-lane auction operations. This location will anchor the growth of Carvana's retail and wholesale op. Source: Business Wire Mon, 07 Oct 2024 09:00:00 -0400 Sentiment: Neutral |
| Carvana (CVNA) Exceeds Market Returns: Some Facts to Consider Carvana (CVNA) closed at $180.17 in the latest trading session, marking a +2% move from the prior day. Source: Zacks Investment Research Fri, 04 Oct 2024 19:05:36 -0400 Sentiment: Neutral |
| Carvana Takes Strategic Lessons From A Dow Retail Giant Not Named Amazon Despite digital focus, Carvana may resemble the brick-and-mortar burger giant in key ways. Source: Investors Business Daily Fri, 04 Oct 2024 16:21:50 -0400 Sentiment: Positive |
| Carvana Celebrates More Than 4 Million Cars Bought and Sold PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the fastest-growing used car retailer and industry pioneer for buying and selling used cars online, today announced that as of Q3 2024, it has sold more than 2 million cars to and purchased more than 2 million cars from customers since the company's founding in 2013. In celebration of the customers driving this progress, Carvana shared a report with insights from its first 4 million cars bought and sold. “Carvana's mission has always been to chang. Source: Business Wire Thu, 03 Oct 2024 09:00:00 -0400 Sentiment: Neutral |
| Carvana (CVNA) Beats Stock Market Upswing: What Investors Need to Know In the closing of the recent trading day, Carvana (CVNA) stood at $176.95, denoting a +0.65% change from the preceding trading day. Source: Zacks Investment Research Wed, 02 Oct 2024 19:20:22 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 183.41 52 Week Low: 25.09 Beta: 3.444 50 Day MA: 151.2196 200 Day MA: 102.0327 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: 0.149 Forward PE: 0 Trailing PE: 72.1807