Polarizing activist short-seller Hindenburg Research—known for its bombshell reports alleging corporate fraud and other malfeasance by companies including Nikola Corp. NASDAQ: NKLA and India's Adani Group—published on January 2, 2025, an article about its latest target: Carvana Co. NYSE: CVNA. Carvana TodayCVNACarvana$194.82 -4.74 (-2.38%) 52-Week Range$40.21▼$268.34P/E Ratio19,501.50Price Target$229.18Add to WatchlistIn the report, Hindenburg alleges that the $44-billion online car dealer's stock spike of ...

Carvana Co. CVNA has been a rollercoaster for investors, with a jaw-dropping 327% rally over the past year overshadowed by a 21.97% dip in the last month. But behind the flashy headlines is a stock chart showing signs of fatigue. Chart created using Benzinga ProCarvana Stock Chart: All Signals Point SouthCarvana’s stock has dropped below key simple moving averages (Eight, 20 and 50-day), a textbook sign of a bearish trend. Adding to the challenges:The stock’s price of $199.56 is far below its eight-day SMA ...

Carvana Co (NYSE:CVNA) stock is 2.2% lower at $227.97 at last glance, after sector peer CarMax (KMX) smashed third-quarter earnings estimates. The equity is in the midst of a pullback, pacing for its third-straight loss and shedding 13.5% so far in December. It might be time to buy the dip, however, as history shows the online used car retailer's shares are near a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, CVNA is within striking distance of it ...

There's no need to sugarcoat it. Investors putting money to work in the stock market undoubtedly want to become rich over time. Perhaps the specific monetary goal is to achieve a portfolio value of $1 million.Some businesses, like Carvana (CVNA 0.19%), have already done that. This used car e-commerce stock is up a jaw-dropping 5,120% since the start of 2023 (as of Dec. 12). That would've turned a $20,000 investment into a cool $1 million in less than two years, a phenomenal return.If you missed the Carvana ...

After 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Core Viewpoint - Carvana reported strong third-quarter earnings, surpassing estimates and showing significant year-over-year growth in revenue and profit metrics [2][3][4][5]. Financial Performance - Carvana's Q3 earnings were 64 cents per share, exceeding the Zacks Consensus Estimate and up from 23 cents in the previous year [2]. - Revenues reached $3.66 billion, beating the Zacks Consensus Estimate of $3.47 billion and reflecting a 32% increase year over year [2]. - Total gross profit was $807 million, a 67.4% increase year over year, with gross profit per unit (GPU) rising to $7,427 from $5,952 [3]. Segmental Performance - Retail vehicle sales totaled $2.54 billion, a 30.5% increase year over year, with the number of vehicles sold rising 34.2% to 108,651 units [4]. - Wholesale vehicle sales reached $786 million, up 28.9% year over year, with unit sales increasing 38.2% to 56,487 [5]. - Other sales and revenues grew 52.3% year over year to $326 million, although GPU in this segment was slightly below estimates [6]. Financial Position - As of September 30, 2024, Carvana had cash and cash equivalents of $871 million, up from $530 million at the end of 2023 [7]. - Long-term debt stood at $5.43 billion, a slight increase from $5.41 billion at the end of 2023 [7]. Outlook - Carvana anticipates a sequential increase in year-over-year growth of retail unit sales in Q4 2024 and expects adjusted EBITDA for the full year to exceed the previous guidance of $1-$1.2 billion [8]. - Recent estimates for Carvana have shown a significant upward trend, with a consensus estimate shift of 331.03% [9][10]. - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for above-average returns in the coming months [11].

wildpixel Listen here or on the go via Apple Podcasts and Spotify Courage & Conviction Investing details why it pays off to stay consistent in his small cap strategy and portfolio approach (1:55). Why he never doubted Carvana and why he's been buying Zeta (7:10). CuriosityStream's ridiculous dividend and getting into Cineverse (16:15). Really excited about BuzzFeed (30:10). Mesa, Spirit, United and the airlines industry (38:40). Recorded on November 19. Subscribe to Second Wind Capital Transcript Ren ...

Carvana (CVNA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earni ...

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