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Carvana (CVNA-N)
NYSE:CVNA
248.38
3.88
(1.59%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 8 opinions in the last 12 months.
Experts have varying opinions on Carvana stock, with some highlighting its impressive turnaround story and potential for long-term growth, while others caution about its recent parabolic move and advise taking profits. The company has seen significant improvement in its financials and market performance, with a substantial reduction in debt and a 353% increase in stock value this year. There is also optimism surrounding its innovative online car buying platform, lower costs, and potential for a short squeeze to drive share prices higher. However, some experts advise caution and recommend keeping a small position due to uncertainties in the used car market and the stock's recent strong performance.
Simply put, carvana is a better way to buy a car. you can browse, finance, and purchase a car online and have it delivered to you as soon as the next day. cutting out the dealerships translates to thousands of dollars in lower costs on every vehicle we sell. we pass these savings on to consumers in four ways: lower prices (our customers save $1,681 on average vs. kelley blue book), premium cars, a better experience, and no hidden fees. Social media mentions are up 1150% in the past 24h.
$197.150
Unknown
It is coming back as the used car market picks up. It is an interesting play but keep your position small. He doesn't have all the numbers on it so can't call it right now.
Moving up in a step pattern -- rallies, consolidates at the higher level, rallies, consolidates. A fantastic accumulation pattern, extremely well supported. Now consolidating. As long as it holds above $100 support, it's still being accumulated.
The 5-year chart is very interesting. Massive selloff, huge multi-year base, and now it's broken out. Looking at where it was, looks like it's just getting started longer term.
It reports Wednesday. The stock has a monster short position. There will be a short squeeze, leading shares up in another leg higher. Note that other used companies haven't done well.
One of the greatest, fastest turnaround stories he's seen. It's avoided bankruptcy, raised money and has bounced back.
No reflection on company fundamentals, but take some profits after its parabolic move.
It's run up lately, mostly due to a short squeeze. A good name, but wait for a pullback.
It got its groove Back. From mid-September till last week, shares were cut in half. The used car business is not the place to be when you're worried about interest rates. But shares are popping in the past week, partially due to a benign Fed/Powell meeting, and Carvana reported a stellar quarter last week.
Is heavily shorted, but he keeps recommending it. Today, they announced earnings suddenly. Shares soared 40% today with a blowout quarter--record sales, a new deal to reduce debt by $1.2 billion, Q2 earnings beat on all lines. A great comeback story.
Shares are up 670% in the last 6 months, but do not short it.
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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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
Unknown
Carvana(CVNA-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 6
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, 6 stock analysts published opinions about CVNA-N. 5 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 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?
6 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 2024-11-21, Carvana (CVNA-N) stock closed at a price of $248.38.
They were in trouble last year until they got big backing from creditors and reduced their debt. Is up 353% this year.