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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%.

Carvana Co. Price and Consensus

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

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