Carvana Co. | CVNA

Daily Technical Analysis of Carvana Co.

Carvana Co. had a nice pop today and is currently up 4.42% we'll see if the cash keeps flowing in.

The Retail company isn't at an immediate support or resistance level that might be predictive. But let's also consider momentum! Carvana Co. has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Retail company has grown 725.72 percent which isn't too bad. CVNA may hit some resistance around the 133.425 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-11-13

Analyst Ratings for Carvana Co. By Price Target And Rating

The analysts feel fairly neutral on the prospects for Carvana Co. but a little more positive than negative. The current Analysts Sentiment Score is 16.49. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Royal Bank of Canada announced an upgrade on 2024-03-08 from Underperform to Sector Perform and moved up their price target to $90.00 which is a 100% increase. Morgan Stanley gave a boost to their price target and moved to $45.00 from $32.00 on 2024-02-26. William Blair upgraded from Market Perform to Outperform on 2024-02-23. JMP Securities gave a boost to their price target and moved to $80.00 from $60.00 on 2024-02-23. Raymond James upgraded from Underperform to Market Perform on 2024-02-23. Wedbush provided a price target boost of 25% to $50.00 from $40.00 on 2024-02-20. JPMorgan Chase & Co. announced an upgrade on 2023-12-04 from Underweight to Neutral and provided a price target boost 60% to $40.00 from $25.00. Piper Sandler announced a lowering of their price target to $38.00 from $48.00 on 2023-11-06. BNP Paribas downgraded from Outperform to Neutral on 2023-10-12 and added a price target of $37.00. Evercore ISI provided a price target boost of 5% to $42.00 from $40.00 on 2023-09-08.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CVNA	16.49	16.93	-1.55	18.68	-1.08

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-10)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CVNA	0.00	0.00

Short interest for Carvana Co.

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CVNA	16.6	%30.3079	3.1	-0.66	32290000

How Carvana Co. compares to the broader Consumer Cyclical sector and the more specific Retail - Apparel & Specialty industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Retail - Apparel & Specialty Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	60	2.29	3.54	4.86	8.40	6.17	27.15	57.83	5.39	1.49	5.98	-7583.98	-12479.79	12.08	2.08	7.53	5.23
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	279	1.77	3.04	4.69	6.40	11.14	23.94	59.31	23.32	10.37	11.93	-9125.63	-14498.22	15.86	1.97	5.92	3.52

Social Sentiment for Carvana Co.

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CVNA

Companies with the highest correlation to Carvana Co.

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
SQ \| Block, Inc.	1.01	-0.47	1.62	23.87	39.62	39.62	54.67	80	15.78	11.88	13.66	0.00	-21383.28	0	2.50657
MSCI \| MSCI, Inc.	0.83	1.42	-0.60	-0.96	1.55	18.94	11.59	77	52.53	21.42	17.15	425.46	-25473.09	0	1.06893
TWLO \| Twilio Inc.	0.79	2.23	8.24	47.83	66.27	76.95	65.53	99	32.73	18.36	14.68	0.00	-39435.91	125	2.45188
TRMB \| Trimble Inc. Common Stock	0.78	1.25	3.49	17.88	27.57	29.56	63.84	90	37.23	19.05	28.97	0.00	-46068.03	0	1.46569
PINS \| Pinterest, Inc. Class A C	0.78	2.42	3.55	-6.94	-6.30	-27.66	-5.21	29	-28.26	-16.78	-19.75	-12935.03	-6700.16	0	4.96541
NOW \| SERVICENOW, INC.	0.77	1.29	5.50	12.23	24.05	45.51	57.38	87	122.77	56.86	48.33	0.00	-42709.73	0	1.73847

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