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Stock Charts AI Power Rank: 7.2
Power Rank trend -> Falling
07/26/2024 16:14:00 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 $145.03 and $122.32 (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 trading below resistance at $145.03, about 9% to the upside. There is support at $109.91 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Carvana Co $CVNA entered a Green zone 37 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $40.28, a potential down side of -69.68% from the recent price of 132.85. The stock is trading 10.84% (potential upside) below its 52 week high of $147.25 and 429.49 % (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
| 3 Growth Stocks Wall Street Analysts Think Are Overpriced Palantir Technologies has gotten a boost from its artificial intelligence platform but perhaps not as much as analysts would like to see. Marathon Digital is dependent on Bitcoin's value, and early 2024 has reminded investors how volatile a situation that can be. Source: The Motley Fool Fri, 26 Jul 2024 03:18:00 -0400 Sentiment: Negative |
| Why the Market Dipped But Carvana (CVNA) Gained Today In the most recent trading session, Carvana (CVNA) closed at $124.10, indicating a +0.55% shift from the previous trading day. Source: Zacks Investment Research Thu, 25 Jul 2024 19:21:10 -0400 Sentiment: Positive |
| These 2 Retail and Wholesale Stocks Could Beat Earnings: Why They Should Be on Your Radar Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates. Source: Zacks Investment Research Thu, 25 Jul 2024 09:50:33 -0400 Sentiment: Positive |
| Carvana: A Promising Investment In The Used Car Market Carvana's stock has shown a 152% year-to-date gain in 2024, making it one of the best-performing stocks. The company successfully transformed from a loss-making entity to a profitable leader in the used car market, despite post-pandemic challenges. Carvana's acquisition of ADESA in 2022, initially seen as risky, has proven beneficial for operational efficiency and cost reduction, with SG&A decreasing by 1000 basis points since 2016. Source: Seeking Alpha Thu, 25 Jul 2024 02:38:21 -0400 Sentiment: Positive |
| Carvana (CVNA) Expected to Beat Earnings Estimates: Should You Buy? Carvana (CVNA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Wed, 24 Jul 2024 11:07:33 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 147.25 52 Week Low: 25.09 Beta: 3.371 50 Day MA: 118.4308 200 Day MA: 72.8631 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: 0.175 Forward PE: 0 Trailing PE: 52.1245