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It’s a Buzzing Stocks opinion which is available only for Premium members

It's the review of the most popular stocks on social media. It's posted weekly to give you another view on the trending stocks, so you will not waste your precious time on scrolling social media feeds.

TOP PICK
Carvana

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.

Automotive
DON'T BUY
Carvana
His data says that this market is overbought, and a pullback is coming (a buying oppoprtunity). he's concerned because we're seeing the return of rank speculation in weak stocks, like this one which was a meme stock before. A red flag! Avoid buying these after they spike and this has in the past week, though plunged today. Carvana is talking about restructuring its debt, which signals a possible bankruptcy. The used car market has withered a lot and Carvana is far from profitability. Avoid. You could lose your entire investment.
Automotive
premium

It’s a Buzzing Stocks opinion which is available only for Premium members

It's the review of the most popular stocks on social media. It's posted weekly to give you another view on the trending stocks, so you will not waste your precious time on scrolling social media feeds.

TOP PICK
Carvana
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 35% in the past 24h.
Automotive
SELL
Carvana
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
Carvana
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
Carvana
20% of shares are shorted. Business is good, but he needs to research this name more.
Automotive
BUY
Carvana
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 : 2

Total Signals / Votes : 2

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, 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 2023-02-03, Carvana (CVNA-N) stock closed at a price of $14.45.