Carvana stock: buy or sell

CVNA stock price: $339.32 0.69% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

Carvana stock brief

  • After making new highs on Wednesday, Carvana closed at $339.32 slightly changing a 0.69%
  • Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.

Should I buy Carvana stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CVNA stock a buy?

In the current situation of Carvana there is not any eligible buy setup. This doesn't mean $CVNA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Carvana stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Like when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting Carvana stock

As a rule of thumb, you should never hold an investment that produces losses greater than those expected upon the buy. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Carvana stock?

In the current situation of Carvana there is not any eligible sell setup, so Carvana stock holders with operations in profit can keep their positions

Carvana ratings

In the previous month we couldn't find any rating for Carvana

Carvana stock analysis

$CVNA at Highs

On Wednesday, Carvana hit all-time highs (ATH) again at $344.32. Stock smashed new all-time highs 3 times in the last 10 sessions

SMAs overview

CVNA stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $323.39 (-4.69% below)
  • S2: $302.46 (-10.86% below)
  • S3: $301.16 (-11.25% below)
  • Bollinger bands

    Since the price surpassed the upper band last Friday, the price has been corrected downwards by 0.61%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    CVNA stock Bollinger Bands chart

    Relative strength index

    Crossed up the overbought line Wednesday, with a value of 70.86. The fact that the value is above the level of 70 does not in any way imply a sell signal, as stocks can be above the level of 70 for many, many weeks and continue to climb

    CVNA stock RSI chart

    Carvana stock price history

    Carvana started trading priced at an adjusted price1 of $13.50 on Apr 2017. Since then, CVNA stock surged by 2,413.48%, with an average of 603.37% per year. An investment of $1,000USD on Apr 2017 would be valued $25,134.81 today.

    1: Adjusted price after possible price splits or reverse-splits

    CVNA stock price history chart

    Price target for Carvana stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. Again, these targets are not direct recommendations for individual investors and should not be followed blindly.

    We don't have any target price published in the previous month for Carvana.

    Earnings and financials

    Carvana Co. ($CVNA) published quarterly earnings of $-0.46 per share last May, strongly upping the Market consensus estimate of $-0.67 per share. This Q1 report means an earnings surprise of 31.34%. Forecasted turnover was $1.9 billion but Carvana beat by 15.72%, posting $2.2 billion.

    Compared to the same quarter one year ago, EPS was $-1.18, so reported EPS is a increase of 61.02%. Revenue skyrocketed a 104.42% on an annualized basis in the , from $11.0B to $22.5B last quarter.

    Carvana ($CVNA) releases Q2 financial report next Wednesday. Wall Street estimates of $-0.40, compared to previous quarter that was $-0.46.

    Carvana performance

    CVNA performance compared
    Company1m3m6m
    Carvana ($CVNA) 12.50% 15.10% 37.60%

    Important note:
    The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the specific scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for learning purposes only

    Carvana summary

    Wednesday, July 28th, 2021
    Open$339.08
    Close$339.32
    Day range$333.42 - $344.32
    Previous close$336.99
    Session gain0.69%
    Average true range$11.39
    50d mov avg$293.29
    100d mov avg$280.12
    200d mov avg$265.49
    Earnings dateAugust 4th, 2021

    Frequently asked questions

    What is Carvana stock symbol?

    Carvana Co. is a public company trading in the US stock market with the CVNA symbol

    Is Carvana stock a buy or sell?

    Carvana had no ratings in the last four weeks Read the article to get additional tips on trading CVNA stock.

    Will CVNA go up?

    There were no price targets issued by market analysts in the last 30 days for Carvana.