Carvana Co. | CVNA

Daily Technical Analysis of Carvana Co.

Wow, investors are pouring money into CVNA today, it's up by 10.61 percent. The outlook is pretty good in terms of the future earning power of the company as well as the prospects for the industry.

Currently CVNA isn't at a clear support/resistance line that seems tradable. Carvana Co. hasn't shown a lot of strength recently, shareholders don't seem that energized about the Retail company's future prospects. CVNA might find some support at the 164.78 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Carvana Co. By Price Target And Rating

Analysts are currently taking a negative view on their future outlook for Carvana Co.. It's not really bad but definitely not good. The current Analysts Sentiment Score is -87.73. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JMP Securities reiterated a rating of Market Outperform on 2023-03-03 and added a price target of $15.00. On 2023-02-24 there was confirmation of the previous rating by Wedbush which was Underperform. DA Davidson provided a price target boost of 40% to $7.00 from $5.00 on 2023-02-21. Piper Sandler announced a lowering of their price target to $21.00 from $45.00 on 2023-02-16. On 2022-12-21 there was a downgrade announced by Truist Financial from Buy to Hold. Citigroup reiterated a rating of Neutral on 2022-12-13. Needham & Company LLC released a downgrade on 2022-12-09 from Buy to Hold. On 2022-12-09 Jefferies Financial Group lowered their price target by -50% to $5.00. William Blair downgraded from Outperform to Market Perform on 2022-12-07. Bank Of America (Bofa) downgraded the stock of Neutral on 2022-11-30.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CVNA	-87.73	109.82	-307.79	160.41	-137.89

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CVNA	-35.86	-11.06

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	37.83	%58.5699	2.5	24.486	50130000

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	91	1.54	0.32	-10.37	2.21	-2.74	-24.07	25.93	0.26	-4.20	-5.86	-23718.96	-4221.72	1.10	17.03	8.29	20.17
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	415	1.94	1.65	-8.47	6.55	3.97	-16.27	24.45	12.84	6.33	5.63	-20291.87	-4239.31	0.72	19.34	5.93	19.04

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	3.00

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 Buy	Short Interest Score
SQ \| Block, Inc.	1.01	4.30	4.90	6.53	28.24	26.40	-42.37	26	11.93	6.86	7.44	-2151.25	-3343.18	0	4.58836
MSCI \| MSCI, Inc.	0.83	1.27	2.69	5.19	19.23	23.11	8.72	54	42.56	31.79	38.09	-1861.42	-8838.19	0	1.77176
TWLO \| Twilio Inc.	0.79	4.20	2.85	-1.09	44.98	-12.48	-58.58	21	-2.03	-1.52	-8.23	-24956.61	-1984.44	0	1.77503
TRMB \| Trimble Inc. Common Stock	0.78	0.71	0.80	-6.89	1.23	-15.62	-30.31	17	-18.55	-31.26	-32.28	-35297.85	0.00	0	1.4903
PINS \| Pinterest, Inc. Class A C	0.78	3.20	10.29	9.81	11.67	11.49	8.09	28	6.19	14.24	16.99	-4295.66	160.32	0	4.38271
VRM \| Vroom, Inc. Common Stock	0.77	1.17	7.78	-16.01	-2.16	-41.43	-67.51	14	-28.49	-32.60	-39.59	-87830.74	0.00	150	11.8881
NOW \| SERVICENOW, INC.	0.77	1.21	4.30	0.13	15.91	7.10	-22.71	26	4.01	3.21	10.97	-17683.88	-2322.86	0	2.09419

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