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It's Time to Buy the Dip on Carvana Stock
CVNACarvana (CVNA) Schaeffers Investment Research·2024-12-19 18:58

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 ...