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CARVANA COCARVANA COCARVANA CO

CARVANA CO

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CVNA trade ideas

CVNA Earnings IdeaCVNA price action will be interesting to watch as it runs up to earnings. I don't think earnings will be different this time around - nothing has really changed with pandemic and people are still looking for used cars as an alternative transportation. Price action has been grinding the upward trendline as well, and hopefully continues to do so. Will be looking at 189 and 184 as possible entry points which is possible by Friday 10/23. CVNA has also been surprisingly undersold since gapping up last month.
NYSE:CVNA
by itsmiguelsol
CVNA - No Capitulation For CarvanaCarvana has been on a wild run since it's lows of $30 in March. On the current chart, we can clearly see the uptrending channel that price action has been following until the price abruptly rallied and went through a distribution phase. This is the perfect time to "buy the dip" as they say. With our trendlines, we are filtering out the fast-paced rally. Indicators tell us the price is oversold and the price action is showing us that buyers have been jumping in at this level. As long as buyers continue to feel comfortable at this level and no negative news or quick drops of popular indexes take place, the volume should return and there should be the opportunity to make 15-25% from this trade. Maximum downside is 5.83%.
NYSE:CVNA
by SpektreSignal
3
Carvana re-entered the upwards channel Carvana has been on a steady upwards trend since COVID hit and the government started handing out stimulus checks. Not only that but a lot of car manufacturers aren't even making new cars this year, raising the demand for used cars and along with the price. I have personally seen this, this year alone according to kelly blue book my car has gained 4k in value and is almost worth the price I paid for it 2 years ago with 20k fewer miles. One other benefit for this company is that transactions are done entirely online and the car is delivered to your doorstep on a flatbed. For anyone unfamiliar with this company they only sell used cars. Carmax would be their biggest competitor but with COVID having to limit restrictions on people being outside this is the perfect time for Carvana to establish their dominance in this market.
NYSE:CVNALong
by TheForexWatch
$CVNA May get a better entry for Carvana Stock carries a high short interest at 34% Company profile Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Phoenix, AZ.
NYSE:CVNA
by RedHotStocks
CVNA IdeasNYSE:CVNA Just my thoughts. I've both made and lost money on this one over the past 24 months. Seems to me, once CVNA establishes a channel, it really likes it, so figuring that out is the key. This chart is way more helpful 12-24 months ago. If only I had a time machine. LOL Basically, here we see how CVNA has built up during 2018, 2019 and now into 2020. My guess is, this will once again peak out above the ranges, only to fall back to the top of the long term trend chart. Probable catalyst is Aug earnings. Price target of 125-130 between now and early Aug. Or just as easily 1-250. LOL
NYSE:CVNA
by cmsinca
2