Carvana (CVNA) Is Up 4.29% in One Week: What You Should Know

Company Overview - Carvana (CVNA) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [4] Price Performance - Over the past week, Carvana's shares increased by 4.29%, outperforming the Zacks Internet - Commerce industry, which rose by 2.13% [6] - In a longer time frame, Carvana's monthly price change is 37.07%, significantly higher than the industry's 11.54% [6] - Over the last quarter, shares of Carvana have increased by 3%, and they have gained 142.3% over the past year, while the S&P 500 has moved -3.42% and 14.16%, respectively [7] Trading Volume - Carvana's average 20-day trading volume is 3,849,305 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Estimates - In the past two months, 5 earnings estimates for Carvana have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from $3.37 to$4.23 [10] - For the next fiscal year, 4 estimates have moved upwards and 1 has been revised downwards [10] Conclusion - Considering the positive price performance, trading volume, and favorable earnings outlook, Carvana is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [12]