Buy, Sell or Hold: Carvana (CVNA-N) — Stock Predictions at Stockchase

NYSE:CVNA

140.95

5.58 (3.81%) 1d

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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

Showing 1 to 3 of 3 entries

Carvana(CVNA-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

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, there was no coverage of Carvana published on Stockchase.

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?

In the last year, there was no coverage of Carvana published on Stockchase.

What is Carvana stock price?

On 2022-01-26, Carvana (CVNA-N) stock closed at a price of $140.95.

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