Trending stocks today
Carvana (CVNA-N)
NYSE:CVNA
24.23
8.70
(56.02%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Founded in 2012 and based in Phoenix, Carvana's mission is to change the way people buy cars. By removing the traditional dealership infrastructure and replacing it with technology and exceptional customer service, Carvana offers consumers an intuitive and convenient online car buying and financing platform. Carvana.com enables consumers to quickly and easily shop more than 20,000 vehicles, finance, trade-in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana's patented, automated Car Vending Machines. Social media mentions are up 152% in the past 24h.
$17.170
Unknown
N/A
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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 : 2
Total Signals / Votes : 2
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, 2 stock analysts published opinions about CVNA-N. 0 analysts recommended to BUY the stock. 2 analysts 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 recommended as a Top Pick by on . 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?
2 stock analysts on Stockchase covered Carvana In the last year. It is a trending stock that is worth watching.
What is Carvana stock price?
On 2023-06-08, Carvana (CVNA-N) stock closed at a price of $24.23.
CVNA has recovered quite well this year, after a substantial drawdown of around 90% from its peak in 2021 and it is now trading at 0.2x times' Price/Sales (as the company has negative EBITDA, earnings and even book value). Growth was more than 100% in COVID years but went substantially to even negative growth in recent quarters. The balance sheet is highly leveraged with $8.2B of net debt while still burning cash. Overall, the company was growing really fast in the COVID years, with the promise to become the leader of used cars. However, the company is still unprofitable, burning cash quite significantly, highly leveraged, and may need to raise additional capital in tough times. We consider the share price highly volatile, and we would prefer to wait until profitability has been achieved. The company came precariously close recently to going under, and the short position remains more than 50%. Too risky for us.
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