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Carvana (CVNA) Looks Good: Stock Adds 6.8% in Session
Carvana Co. (CVNA - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $29.35 – $82.45 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen four negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over in the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Carvana currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Carvana Co. Price
Carvana Co. price | Carvana Co. Quote
A better-ranked stock in the Internet – Commerce industry is Stamps.com Inc. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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