Carvana Co (NYSE:CVNA) stock is 7.4% higher to trade at $135 at last look, after Needham upgraded the shares to "buy" from "hold.
Carvana Co (NYSE: CVNA) has tripled since the start of 2024 but a Needham analyst is convinced it's not out of room to run just yet. Chris Pierce upgraded shares of the used car retailer this morning to “buy”.
Shares of Carvana Co CVNA spiked in premarket trading on Wednesday, after the company launched a new shopping experience.
Now, it's a $25 billion company, and Needham analyst Chris Pierce is feeling upbeat about its potential to get even bigger.
Wednesday, online car seller Carvana launched tools to make it easier for used-car buyers to get federal tax credits when purchasing electric vehicles.
With Carvana (CVNA) witnessing triple-digit percentage growth year to date, don't get enticed to cash out gains.
When stock markets reach record highs, concerns about potential price bubbles naturally arise. While upward trends may still continue in some cases, several stocks could become overvalued and due for a correction or retreat.
The market cycle affects more than just stocks and sectors. As investors know, during economic booms, consumer discretionary stocks tend to outperform all others, especially the ‘boring' consumer staples names.
Carvana Co (NYSE: CVNA) has roughly tripled this year but a JPMorgan analyst remains convinced it's not out of room to run just yet. We come away from CVNA's Rocklin, CA, IRC tour with higher conviction in our above consensus EBITDA.
Carvana (CVNA) concluded the recent trading session at $126.60, signifying a -1.54% move from its prior day's close.
High-beta growth stocks have the potential to surprise investors. Exactly a year before, Carvana (NYSE: CVNA ) stock was trading at $23.5.
It's been a great year for growth stocks in general and more speculative companies in particular. The return of Keith Gill, the trader more commonly known as Roaring Kitty, inspired particular enthusiasm in meme and short-squeeze stocks.