Carvana Co ($CVNA) Stock Forecast: Up 5.1% Today

What is Carvana Co?

Carvana (CVNA) is an e-commerce platform for buying and selling used cars, recognized for its innovative approach to the car-buying experience. Today, the stock experienced a strong bullish movement.

Why is Carvana Co going up?

CVNA stock is up 5.1% on Dec 11, 2024 19:38

• The launch of Amazon Autos by a major e-commerce company could have sparked excitement in the online car-buying industry, benefiting companies like Carvana.
• Positive analyst sentiment towards Carvana (CVNA) and other non-tech stocks for 2025 may have contributed to the bullish movement.
• The anticipation of Carvana's momentum continuing into 2025, based on its operational discipline and market potential, likely attracted investors to the stock.

CVNA Price Chart

CVNA Technical Analysis

CVNA News

Amazon Autos: Buy Your Next Car Online, It's Just A Click Away - Amazon.com ( NASDAQ:AMZN )

Amazon announces the launch of Amazon Autos on Tuesday. Amazon.com, Inc. AMZN announced the launch of Amazon Autos on Tuesday. Car shoppers in 48 U.S. cities can order, finance and schedule pickup of a new Hyundai from a local dealer directly on Amazon.

https://www.benzinga.com/news/large-cap/24/12/42427200/amazon-autos-buy-your-next-car-online-its-just-a-click-away

Booking Holdings Inc. ( BKNG ) Hit a 52 Week High, Can the Run Continue?

Booking Holdings (BKNG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

https://www.zacks.com/stock/news/2380808/booking-holdings-inc-bkng-hit-a-52-week-high-can-the-run-continue

The Zacks Analyst Blog Sprouts Farmers Market, Vistra, EMCOR, Carvana and Comfort Systems USA

Sprouts Farmers Market, Vistra, EMCOR, Carvana and Comfort Systems USA are included in this Analyst Blog.

https://www.zacks.com/stock/news/2380602/the-zacks-analyst-blog-sprouts-farmers-market-vistra-emcor-carvana-and-comfort-systems-usa

Buy These 5 Non-Tech Stocks for 2025 Amid Triple-Digit Returns in 2024

Five non-tech stocks have more room to grow in 2025 despite triple-digit returns in 2024. These are. SFM, FIX, EME, VST, CVNA.

https://www.zacks.com/stock/news/2380145/buy-these-5-non-tech-stocks-for-2025-amid-triple-digit-returns-in-2024

Carvana's 2024 Boom: Will Its Momentum Keep Rolling in 2025?

Given CVNA's operational discipline and market potential, we believe there is significant upside potential in the stock going into 2025.

https://www.zacks.com/stock/news/2380036/carvanas-2024-boom-will-its-momentum-keep-rolling-in-2025

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Carvana Co Price History

16.08.2024 - CVNA Stock was up 5.0%

• The bullish movement in CVNA today could be attributed to the positive sentiment in the options market, where investors have taken a bullish stance on the stock.
• Despite some fluctuations during the trading day, CVNA managed to outpace the overall stock market gains, indicating strong investor interest in the company.
• The addition of over $10 billion to Carvana's market cap in 2024 suggests that investors are optimistic about the company's future growth potential, driving the stock price higher.
• The slight dip in CVNA shares later in the day could be due to profit-taking or market fluctuations, but the overall bullish trend seems to be intact.

06.11.2024 - CVNA Stock was down 5.0%

• Despite Carvana's strong performance and positive quarterly results, the stock experienced a bearish movement today.
• The bullish bets on Carvana options by market whales might have caused some volatility in the stock price.
• Investors may have been profit-taking after the stock's impressive run-up year-to-date, leading to the bearish movement.
• It's possible that market sentiment shifted due to concerns about the overall market conditions, impacting Carvana's stock price negatively despite its recent positive performance.

22.10.2024 - CVNA Stock was up 5.2%

• CVNA stock saw a bullish movement today due to:
• Positive earnings estimate revisions, hinting at potential future growth.
• Despite bearish options market sentiment, the overall outlook remains optimistic.
• The company's unique business model and strong performance relative to competitors likely played a role in the stock price surge.
• Investors' confidence in CVNA's resilience in the face of potential economic challenges and recession concerns.

08.09.2024 - CVNA Stock was up 5.4%

• Carvana (CVNA) experienced a strong bullish movement today, outperforming the market.
• The positive movement can be attributed to the company exceeding market returns and beating the stock market upswing, indicating strong investor confidence in Carvana's business model and growth prospects.
• The consistent upward trend in Carvana's stock price could be driven by increasing demand for online car buying solutions, especially in the current digital age where consumers seek convenience and safety in their purchasing experiences.
• Investors may be optimistic about Carvana's ability to capture a larger market share in the automotive industry, leading to a positive outlook for the company's stock performance in the near future.

17.08.2024 - CVNA Stock was up 5.1%

• Carvana's stock displayed a robust bullish movement today, closing at $141.90, representing a +0.98% change from the previous close.
• Despite the overall positive trend, there were indications of bearish attitudes in the options market, suggesting that certain investors with substantial funds have adopted a negative view on CVNA.
• With an annual outperformance of 1.79% above the market in the past five years, the stock has contributed to its current market capitalization of $18.95 billion.
• The minor decline in the stock price during trading hours could be due to profit-taking following a notable increase in market capitalization, leading investors to review their positions.

31.09.2024 - CVNA Stock was up 17.9%

• Carvana (CVNA) had a strong bullish movement today following its impressive Q3 earnings performance.
• The company reported better-than-expected third-quarter financial results, with revenue of $3.66 billion, surpassing the consensus estimate of $3.45 billion.
• Carvana's stock surged as adjusted EBITDA for full-year 2024 is expected to exceed the high end of the prior guided range, indicating strong growth prospects.
• The market reacted positively to Carvana's performance, reflecting investor confidence in the company's continued success and growth potential in the used car market.

31.09.2024 - CVNA Stock was up 21.2%

• Carvana (CVNA) saw a robust upward trend today following the announcement of its third-quarter financial results, which outperformed market forecasts.
• The primary factors behind Carvana's positive performance consist of a notable 32% year-over-year revenue surge, with Q3 revenue hitting $3.66 billion, exceeding the expected $3.45 billion.
• Additionally, Carvana's earnings per share (EPS) of 64 cents significantly surpassed the anticipated 17 cents, demonstrating the firm's impressive financial results and growth trajectory.
• Carvana's optimistic forecast, with anticipated adjusted EBITDA well above the prior full-year 2024 guidance, boosted investor confidence in the company's future potential, contributing to the positive market momentum.

11.11.2024 - CVNA Stock was up 5.1%

• The launch of Amazon Autos by a major e-commerce company could have sparked excitement in the online car-buying industry, benefiting companies like Carvana.
• Positive analyst sentiment towards Carvana (CVNA) and other non-tech stocks for 2025 may have contributed to the bullish movement.
• The anticipation of Carvana's momentum continuing into 2025, based on its operational discipline and market potential, likely attracted investors to the stock.

18.08.2024 - CVNA Stock was up 5.1%

• An analyst reinstated coverage on Carvana with a Buy rating and a price target of $185, citing the company's well-positioning for sustained long-term growth in the fragmented market, likely boosting investor confidence and driving the stock price higher.
• Over the past 5 years, Carvana has consistently outperformed the market, showcasing its growth and potential for long-term profitability, attracting more investors to the stock.
• Despite the bullish market movement, there were indications of bearish sentiment in the options market, suggesting differing investor opinions on Carvana's future performance.
• With the stock outpacing market gains and adding over $10 billion to its market cap in 2024, some investors are cautious about buying the stock, indicating a potential careful approach despite the positive momentum.

01.10.2024 - CVNA Stock was down 5.4%

• Despite Carvana's strong Q3 results and revenue expansion exceeding expectations, its stock witnessed a bearish trend.
• Potential profit-taking actions by investors could have been triggered by an exaggerated market response to the positive developments.
• Uncertainties regarding Carvana's growth sustainability and the competitive dynamics in the used car sector may have raised concerns among traders.
• The downward movement in CVNA's stock price could have been influenced by external market forces or broader economic anxieties.

05.10.2024 - CVNA Stock was up 5.2%

• Unusual options activity suggests a bullish sentiment among investors, potentially driving up the stock price.
• Strong Q3 results, with revenue beating estimates and total revenue up 32% year-over-year, likely boosted investor confidence in Carvana's growth potential.
• Analysts raising their forecasts after the strong Q3 results indicates a positive outlook for the company's future performance.
• Carvana's stellar Q3 performance, with earnings and sales topping estimates and a promising outlook for adjusted EBITDA in 2024, likely contributed to the bullish rally in the stock price.

05.10.2024 - CVNA Stock was up 5.2%

• Unusual options activity on Carvana suggests a bullish sentiment from investors with significant capital, which could potentially drive up the stock price.
• Carvana released third-quarter financial results exceeding expectations, including revenue of $3.66 billion, boosting investor confidence and fostering positive market sentiment.
• The company's impressive Q3 performance, marked by a 32% year-over-year revenue increase and beating earnings estimates, has propelled the bullish trend in Carvana stock.
• Carvana's favorable outlook for full-year 2024, anticipating adjusted EBITDA to outperform previous guidance, has further fueled the positive market response and upward momentum in the stock price.