Carvana Co ($CVNA) Stock Forecast: Up 7.9% Today

What is Carvana Co?

Carvana (CVNA) is an online used-car retailer showcasing an impressive market performance.

Why is Carvana Co going up?

CVNA stock is up 7.9% on Jan 7, 2025 19:38

• The stock displayed a robust bullish movement recently, seeing a 6.6% increase in its shares.
• Carvana was upgraded by RBC Capital Markets to Outperform, highlighting the consistent growth in unit sales and profits.
• The reestablishment of the loan sale agreement with Ally Financial played a key role in dispelling doubts and bolstering investor trust.
• Although there was some bearish activity in options trading, the prevailing market sentiment suggests a promising outlook for Carvana's market expansion and profitability.

CVNA Price Chart

CVNA Technical Analysis

CVNA News

Carvana Analyst Sees 'Remarkable Turnaround' Continuing - Carvana ( NYSE:CVNA )

Current Street estimates do not reflect Carvana's market share ramp. There is room for further growth in GPU levels. RBC Capital Markets upgraded Carvana Co CVNA to Outperform from Sector Perform on Tuesday, citing sustainable momentum in unit sales and profits after the online used-car ...

https://www.benzinga.com/25/01/42857731/carvana-further-volume-momentum-growth-in-gpu-levels-could-drive-upside-says-bullish-analyst

UniFirst, Getty Images, Shutterstock And Other Big Stocks Moving Higher On Tuesday - Cintas ( NASDAQ:CTAS ) , Aurora Innovation ( NASDAQ:AUR )

U.S. stocks were lower, with the Nasdaq Composite falling around 150 points on Tuesday. Shares of UniFirst Corporation UNF rose sharply during Tuesday's session after Cintas CTAS submitted a proposal to acquire the company for $275 per share. UniFirst shares jumped 31.8% to $223.18 on Tuesday.

https://www.benzinga.com/25/01/42849415/unifirst-getty-images-shutterstock-and-other-big-stocks-moving-higher-on-tuesday

Carvana Options Trading: A Deep Dive into Market Sentiment - Carvana ( NYSE:CVNA )

Investors with a lot of money to spend have taken a bearish stance on Carvana CVNA. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/01/42848590/carvana-options-trading-a-deep-dive-into-market-sentiment

Carvana Reinstates Loan Sale Agreement With Ally Financial

CVNA reinstates an agreement to sell $4 billion worth of used-car loan receivables to Ally Financial to refute Hindenburg's report.

https://www.zacks.com/stock/news/2392793/carvana-reinstates-loan-sale-agreement-with-ally-financial

Strength Seen in Carvana ( CVNA ) : Can Its 6.6% Jump Turn into More Strength?

Carvana (CVNA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

https://www.zacks.com/stock/news/2392609/strength-seen-in-carvana-cvna-can-its-66-jump-turn-into-more-strength

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Carvana Co Price History

07.00.2025 - CVNA Stock was up 9.8%

• Carvana's stock surged due to the reinstatement of an agreement to sell $4 billion worth of used-car loan receivables to Ally Financial, countering negative reports.
• The positive market sentiment was further boosted by an amended agreement to reestablish a $4 billion commitment for automotive finance receivables.
• Despite concerns about bearish options trading, the company's strategic partnerships and financial moves seem to have instilled confidence in investors, leading to the bullish market movement.
• The overall bullish trend in the market and positive developments within Carvana have contributed to the significant uptick in the stock price.

07.00.2025 - CVNA Stock was up 6.5%

• Carvana (CVNA) experienced a strong bullish movement today, driven by several factors:
• The surge in trading volume and positive earnings estimate revisions contributed to the stock's upward momentum.
• The amendment of a $4 billion commitment for automotive finance receivables by a company subsidiary provided a boost to investor confidence.
• Despite some bearish signals from technical indicators and concerns raised by a research firm, the overall bullish sentiment towards Carvana remains strong, supported by a surge in options activity and the stock's impressive performance over the past year.

06.00.2025 - CVNA Stock was down 5.2%

• The surge in options activity by investors taking a bullish stance on Carvana may have initially boosted the stock, but the bearish movement today suggests a shift in sentiment.
• Questions regarding Carvana's valuation, alleged accounting issues, and insider selling have impacted investor sentiment, leading to a bearish trend.
• The technical signals turning bearish, with prices falling below key moving averages, have increased selling pressure on Carvana's stock.
• Despite recent challenges, it remains to be seen how Carvana will address the concerns raised and regain investor confidence.

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.

03.00.2025 - CVNA Stock was down 6.0%

• Negative sentiment surrounding Carvana's stock emerged today, attributed to concerns regarding the company's valuation, alleged accounting discrepancies, and insider selling, as highlighted by a particular research firm.
• The bearish movement was also influenced by technical indicators showing a decline below important moving averages, intensifying the downward trend.
• Despite Carvana's recent accomplishments and expansion, doubts raised by external sources have evidently impacted investor trust, leading to a considerable drop in the stock price on the current day.

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.

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.

07.00.2025 - CVNA Stock was up 7.9%

• The stock displayed a robust bullish movement recently, seeing a 6.6% increase in its shares.
• Carvana was upgraded by RBC Capital Markets to Outperform, highlighting the consistent growth in unit sales and profits.
• The reestablishment of the loan sale agreement with Ally Financial played a key role in dispelling doubts and bolstering investor trust.
• Although there was some bearish activity in options trading, the prevailing market sentiment suggests a promising outlook for Carvana's market expansion and profitability.

18.11.2024 - CVNA Stock was down 5.4%

• Despite Carvana's impressive performance in recent years, today's decline may be a result of investors taking profits following a prolonged period of growth.
• Market sentiment could have been influenced by broader economic uncertainties or industry-related developments impacting the automotive sector, prompting a selloff of Carvana stocks.
• There is a possibility that investors are reevaluating their positions in high-growth companies like Carvana and adopting a more cautious approach given the current market conditions.