Time to Reconsider Carvana Co. (CVNA) After Reaching 52-Week High?

June 18, 2018 - By Linda Rogers

The stock of Carvana Co. (NYSE:CVNA) hit a new 52-week high and has $44.86 target or 5.00 % above today’s $42.72 share price. The 5 months bullish chart indicates low risk for the $6.28B company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $44.86 price target is reached, the company will be worth $314.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.23% or $0.1 during the last trading session, reaching $42.72. About 595,461 shares traded. Carvana Co. (NYSE:CVNA) has risen 135.68% since June 18, 2017 and is uptrending. It has outperformed by 123.11% the S&P500.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on August, 14. They expect $-0.34 earnings per share, down 21.43 % or $0.06 from last year’s $-0.28 per share. After $-0.40 actual earnings per share reported by Carvana Co. for the previous quarter, Wall Street now forecasts -15.00 % EPS growth.

More news for Carvana Co. (NYSE:CVNA) were recently published by: Fool.com, which released: “3 High-Growth Stocks That Are Just Getting Started” on June 15, 2018. Bizjournals.com‘s article titled: “A car vending machine rises in Gaithersburg” and published on June 05, 2018 is yet another important article.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $6.28 billion. It purchases, reconditions, sells, and delivers vehicles to clients through its Website. It currently has negative earnings.

Carvana Co. (NYSE:CVNA) Ratings Chart

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