CVNA trade ideas
CVNA with a big breakout after earnings🔥opening above major trend/resistance zone I showed on the chart, I could see us going higher to 100-131 targets over the next few months 🎯
if you are active on the Carvana app you were not surprised by the recent earnings beat.. half the cars on my watchlist are gone within a few weeks! business is boomin! Up 29.3% on first-ever annual profit, mixed quarterly results.
boost and follow for more! thanks 💝
CVNA ShortIn the strong month bearish area.
It makes sense to follow after good enter point. The potential is 110.
Looks live a reversal might be in the works hereFrom the framework of the higher volume, maxed out indicators, within the red, before a breakout also possible before a flush, but do see a correction to run higher for now.
CVNA Crossover SwingNYSE:CVNA
Daily crossover triggered
Planning to buy at market open on 9/17 so long as we are above 148.85 (HOD on 9/3). Ideally, we stay above 152.33 (HOD on 8/30, last trading day of August)
What I'm buying:
With the way that CVNA tends to move, I'm opting for a vertical debit spread here.
Sep27 +155c/-165c for a debit of roughly 3.30, and a max gain of roughly 6.70 at expiration, which is also the max date of this trade.
Using an ATR of 7.77, targets are as follows:
SL: 141.62
TP: 177.35
Max Date: Market Open of Friday, 9/27
^^As always, whichever of these hits first
Additional levels:
159.85 - Recent Strong high
179.24 - This level is above our TP, but note this level when looking back on the weekly chart
A Swifter move to mid 170 could be ideal before next correctionThe trend is upward and isn't showing signs of slowing down. It has already made a new high and, with momentum, could add an additional 5-8% before retracing.
160 if the trend continues to go up after the correctionIn the channel, there is still room to go, but it has pretty much bottomed. We should see this back at 150 unless indices and ETFs are struggling.
Carvana - CVNA - What if the fed lowers interest rates?Carvana is about 200% away from recent all time highs. The expectation is that if interest rates are lower more people will feel comfortable buying cars. So it seems there plenty of upside expectations. Add Carvana to your watch list?
Carvana- Low Risk/High Reward EntryIt's a rare occasion when fundamentals and technicals align, and we might just have a compelling case here. Carvana stands out as one of the most heavily shorted stocks in the market. The company has been in the red for quite some time, and this quarter was no exception, with a loss of $1 per share, falling short of analysts' expectations on both EPS and revenue (they lost more than expected).
Despite these challenges, the company sees a shift in demand, with buyers increasingly returning to online car purchases. The Orange number 1 on chart marks the lowest price at the open on the gap-up day ( $66.48), a +26% jump from the previous night's close. The momentum didn't stop there; the price ran another 20% to hit a daily high of $76, before settling at $69.21.
Here's my strategy:
- Stop: Sell if the price drops below $66.48 (allow some leeway, given the volatility)
- Target: If it trades above $76, we could be looking at an elevator ride up to $150, mirroring its previous ride down from $150 to under $30 a share.
I'm eyeing a 1:2 quick trade risk/reward ratio, but that's a waste and the prospect of a potential short squeeze is tantalizing (yes, I said it!). Opportunities like this are few and far between.
Trade carefully,
OnlyTrade2Win.
Nasty bearish batPotential for long term bearish bat forming. But with the violently of cvna we could see this play out within a year or 2. Insiders have been dumping hard and headwinds are ahead for all automotive sales used and new. Confirmation will start if breaks below .382 fib on the montly. SL above .382. Good luck.
breakthrough 155 is significant If it breaks the last high, we have a very bullish sentiment; the chart screams for another flush, creating a much-needed correction and breathing room. However, this could be huge with current market conditions and the upcoming Jackson Hole meeting. If this doesn't break 155 convincingly, we see many key areas to support.
Carvana (CVNA) AnalysisCompany Overview:
Carvana, a leader in the online used car market, is transforming its business model following its acquisition of ADESA's U.S. physical auction business in 2022. This acquisition has positioned Carvana as the second-largest used car company in the U.S. and is driving a shift towards a more profitable marketplace model.
Key Highlights:
Strategic Acquisition: The acquisition of ADESA's auction business is expected to enhance Carvana's profitability by transitioning towards a marketplace model, which offers higher margins compared to its traditional retail operations.
Competitive Advantage: Carvana outperforms competitors like CarMax and AutoNation in terms of gross margin and profit per unit, bolstered by its strong online platform.
Cost Efficiency: The company has successfully reduced over $1.1 billion in annual selling, general, and administrative (SG&A) expenses, demonstrating a commitment to improving operational efficiency.
Financial Flexibility: Carvana secured a deal with creditors to extend loan maturities, providing the company with greater financial flexibility to navigate future challenges.
Investment Outlook:
Bullish Outlook: We are bullish on NYSE:CVNA above the $116.00-$118.00 range.
Upside Potential: With an upside target of $230.00-$240.00, investors should consider Carvana's strategic shift, competitive advantages, and improved financial flexibility as key drivers for potential stock appreciation.
📈🚗 Carvana is driving towards profitability—consider it for a potentially lucrative investment opportunity! #CVNA #UsedCars 🚗🚀
124 is a testing zoneOn the Fibonacci retrace, it can find the support it has many times before on .61 but has stayed at the top and between the 140-150 range. It is long-term bearish.
CVNA Carvana - Is it on your watchlist?CVNA Carvana is starting to move above the 200 day EMA 'watermark'. As interest rates level off and eventually come down, the consumer will have a green light to make big purchases again. CVNA shows a lot of opportunity (800%?) between current price and all-time highs. Why is Carvana not on your watchlist?
$CVNA Perfect post IPO Phase Base... #InvHeadnShouldersSince I've been feeling the love from follows and comments, I've decided to post what's probably my most "Warren Buffett" style stock to own for years to come... Yep, Carvana
Imagine a world where all those local dealerships named after local families are disappeared by an online corporation called Carvana that can beat them in everyway due to technological advantages... TLDR Carvana is Netflix of Car Dealerships
(with AI you'll probably be able to test drive virtually from home in a few years! HAHA)
I've seen it happen with local video stores first with BlockBuster, but more importantly in this case Netflix... My bull scenario is that it's already had it's IPO cycle, Reddit will probably do a similar boom bust cycle before I look into buying and has a BE A U TIFUL inverse head and shoulder base to build from. This is a LEAP play. 2028 expiries...
Ill be looking for a mix of strikes on OTM CALL LEAPS will also be watching open interest spikes on this stock in LEAPS with same idea.
Thank me in 4 years...
-Proffesseas
CVNA - This is one unbelievable technical setup !!!I just trade this, not an investor. See the symmetry on this setup.
Every time when it pulls back to 'Golden Fib Zone', it rallied the full extension 1:1.
If this repeats again, we could see 165-170 next on this leg up.
CVNA could have a large Mark up with ER. All speculative until we see earnings tonight. This'll be my last CVNA post as my upside targets are still, 180 and possibly 200.
This is not financial advice. Orange boxes representing range zones, white showing demand area accompanied by bottom wicks, and the green boxes representing mark ups.
Seems like we'll be getting another mark up if the catalyst allows it. Good luck !
NFA Just ideas
FIb on CVNA shows $180 as next PTIf CVNA breaks out, data, news, analyst ratings, and earnings could all send us to 180.
Could - not certainty. I've been swinging for months and I'm ready for these earnings
GLTA,NFA
CVNA ER will blow this out of the water. 180 boundThis is my opinion after swinging through the 2nd batch of earnings
NFA. I follow VPA and institutional data that says IF ER is good for stock price, it'll go upwards of 180 juice zone. Maybe even $200 but that's a little high.
Good luck, daily chart is making higher lows and keeps proving to bounce on major supports.
Cheers. NFA
CVNA - Head&Shoulder pattern on the DailyCVNA on the daily timeframe has an Head & Shoulder pattern, which is usually a bear pattern.
If this were to play out, then expecting to see it test 100 level.
Also, Daily chart has a Gap to be filled on the downside until level 92-91 area.
Earnings in this week so expecting some moves.
PS: I have no position as on today but willing to lotto some on the put side on the day of the earning
Seems pretty cut & dry with the H&SThis is gonna tank AH and earnings. I'm sure there will be more drama on the back end, but this needs solid results and ideas on how to improve for the next quarter, considering they have done what they had to in the quarter. That head & Shoulders is solid!
CVNA , US Stock120.50 below trendline breakdown
118/116/113/105/100/90 can test to fill the gap
21 ema below close yesterday
An H&S forming if it retreats 135 and then suddenly fallsAfter a major analyst reiterated 130, this has been volatile. There is still a short squeeze from time to time, but from a chart POV, there is a trendline correction and continuation. We are moving to a bullish stance.
