Today Carvana Co. (CVNA) Stock Reaches All Time High

April 16, 2018 - By Winifred Garcia

The stock of Carvana Co. (NYSE:CVNA) reached all time high today, Apr, 16 and still has $26.78 target or 5.00 % above today’s $25.50 share price. This indicates more upside for the $3.60B company. This technical setup was reported by Barchart.com. If the $26.78 PT is reached, the company will be worth $180.10 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 8.95% or $2.1 during the last trading session, reaching $25.5. About 707,464 shares traded or 56.01% up from the average. Carvana Co. (NYSE:CVNA) has 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on June, 5. They expect $-0.40 earnings per share, down 42.86 % or $0.12 from last year’s $-0.28 per share. After $-0.36 actual earnings per share reported by Carvana Co. for the previous quarter, Wall Street now forecasts 11.11 % negative EPS growth.

Carvana Co. (NYSE:CVNA) Ratings Coverage

Among 2 analysts covering Carvana (NYSE:CVNA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Carvana had 2 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Friday, December 8 by Deutsche Bank. On Friday, October 27 the stock rating was initiated by Barrington Research with “Mkt Perform”.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $3.60 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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