Carvana's (CVNA) comeback story has truly been remarkable. The used car e-retailer that was on the verge of bankruptcy in 2022 has turned heads with its epic turnaround. After plummeting 98% in 2022, Carvana emerged as the top-performing auto stock of 2023. It was the biggest gainer on the Russell 3000 last year. CVNA continues its stellar run on the bourses, with the stock surging around 130% so far this year, outperforming its peers, including CarMax (KMX) , AutoNation (AN) and Lithia (LAD) . YTD Price Pe ...

This index typically hovers between 12% and 20%; the lower it is, the quieter the overall stock market is, and therefore, it is harder to profit on a relatively short-term move. This is why investors would benefit from looking into a list of high-beta stocks, as these tend to move more aggressively than the market average. Fitting this list is Carvana Co. NYSE: CVNA, with a 3.3 beta, meaning this stock will usually move three times as much as the broader S&P 500 on any given day. Second on the list is Sofi ...

High-beta growth stocks have the potential to surprise investors. Exactly a year before, Carvana (NYSE:CVNA) stock was trading at $23.5. The stock has surged by 367% and trades in triple digits. This column focuses on three growth stocks under $20 to buy that are likely to trade above $100 in the next 36 months. Considering the rally in CVNA stock, my upside estimate is conservative. Therefore, I have focused on high-beta growth stocks with an attractive growth outlook. Business catalysts will likely ensure ...

In theory, this sort of electric vehicle could transform the urban taxi market. Perhaps EVs would be a real improvement over traditional helicopters. But that is far from certain. As a reminder, private helicopter services have existed for decades and remain a niche. While certain wellheeled customers are willing to pay up for private air services, it's unclear that the economics will ever pencil out as a mass market operation. Joby and the other eVTOL upstarts are betting that electrification is the key th ...

Amidst positive market trends and robust financial performance, several analysts have rated strong buy auto stocks to capitalize on the industry's growth. General Motors' (NYSE:GM) stock is on an upward trajectory after announcing a 33% increase in its dividend and a $10 billion share repurchase program earlier this year. The auto giant is appealing to its investors once again with an additional $6 billion in stock buybacks. A second catalyst for the industry is the electrification of cars. While the adopti ...

The the stock of company has fallen by 7.29% in the past month, lagging the Retail-Wholesale sector's of 0% and the S&P 500's gain of 3.34%. CVNA's full-year Zacks Consensus Estimates are calling for earnings of -$0.34 per share and revenue of $12.39 billion. These results would represent year-over-year changes of -145.33% and +15.02%, respectively. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon ...

The automotive market is facing inflation-driven headwinds, but one sector of car retail looks good right now. The stock market has gotten off to a sizzling start in 2024. Both the S&P 500 and Nasdaq Composite have gained roughly 11% on the backdrop of strong tailwinds in the technology and energy sectors in particular. Despite a strong stock market, there are some challenges in the macroeconomy that are tough to ignore. Namely, inflation has remained stubborn and unusually high compared to historical level ...

Can these hot stocks go even higher? Chip maker Nvidia (NVDA 2.57%) has been one of the great investing stories in tech over the past couple of years. With the emergence of OpenAI's ChatGPT and companies investing heavily in artificial intelligence (AI), Nvidia's business is booming as its chips play a big role in helping companies develop their own AI models. That business boom is helping the stock soar. In the past 12 months, its price is up about 238%. But as well as Nvidia's stock has done in the past y ...

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Carvana is currently sporting a Zacks Rank of #2 (Buy). The Zacks Consensus Estimate for CVNA's full-year earnings has moved 72% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. For th ...

Investors have become incredibly enthusiastic toward this enterprise. When its market cap was at just $400 million in December 2022, shares of this online used car retailer were down 99% from their peak price. It looked like the pessimism and doubt couldn't get any higher. But things have turned around in a major way. The business in question, Carvana (CVNA -0.36%), now sports a market cap of $14 billion. And the growth stock has surged a whopping 945% just in the past 12 months. Even though shares are stil ...