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Carvana (CVNA) Looks Good: Stock Gains 32.8% in Session
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Carvana (CVNA - Free Report) was a big mover last session, as the company saw its shares rise nearly 33% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.00 to $11.76 in the past one-month time frameThe stock soared after the company reported a 118% year-over-year growth in its first-quarter revenues and also launched its presence in Macon and Augusta.
The company has seen no estimate revision in the past seven days, as a result of which, the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Carvana currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Is CVNA going up? Or down? Predict to see what others think: Up or Down
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early.Download Report with 3 Top Tech Stocks >>
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Carvana (CVNA) Looks Good: Stock Gains 32.8% in Session
Carvana (CVNA - Free Report) was a big mover last session, as the company saw its shares rise nearly 33% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.00 to $11.76 in the past one-month time frameThe stock soared after the company reported a 118% year-over-year growth in its first-quarter revenues and also launched its presence in Macon and Augusta.
The company has seen no estimate revision in the past seven days, as a result of which, the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Carvana currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Carvana Co. Price and Consensus
Carvana Co. Price and Consensus | Carvana Co. Quote
A better-ranked stock in the Internet - Commerceindustry is Autobytel Inc. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CVNA going up? Or down? Predict to see what others think: Up or Down
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>