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NYSE:CVNA

21.87
0.71 (3.14%) 1d
0
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SELL
For year he loved their business model, but shares got too expensive and he said sell last summer. It's down 89% from its peak. They announced 2,500 layoffs today. Sadly, it's a pandemic loser.
Automotive
COMMENT
It reported yesterday: used car sales were higher than expected, doubling YOY, but earnings came in at a loss. They make more money per car they sell, but they can't get enough vehicles to sell. So they didn't sell as many cars as tthey wanted. Also, their gross profit per unit could decline in Q4 while general expenses will rise. He likes it as a long-term growth story, but they can't do much about the shortages. If the supply chain mess is sorted by mid-2022, he's confident that the industry can ramp up production.
Automotive
COMMENT
20% of shares are shorted. Business is good, but he needs to research this name more.
Automotive
BUY
Deals used cars. Even before Covid, it had a contactless business model where you could buy a used car without talking to anybody. It has staying power.
Automotive
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Carvana(CVNA-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Carvana is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Carvana(CVNA-N) Frequently Asked Questions

What is Carvana stock symbol?

Carvana is a American stock, trading under the symbol CVNA-N on the New York Stock Exchange (CVNA). It is usually referred to as NYSE:CVNA or CVNA-N

Is Carvana a buy or a sell?

In the last year, 1 stock analyst published opinions about CVNA-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Carvana.

Is Carvana a good investment or a top pick?

Carvana was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Carvana.

Why is Carvana stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Carvana worth watching?

1 stock analyst on Stockchase covered Carvana In the last year. It is a trending stock that is worth watching.

What is Carvana stock price?

On 2022-07-01, Carvana (CVNA-N) stock closed at a price of $21.87.