Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Group 1: Company Overview - Carvana (CVNA) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Group 2: Price Performance - Over the past week, CVNA shares increased by 9.11%, outperforming the Zacks Internet - Commerce industry, which rose by 1.42% [5] - In a longer timeframe, CVNA shares have risen by 74.53% over the past three months and 192.12% over the last year, significantly outperforming the S&P 500's gains of 23.56% and 13.28%, respectively [6] Group 3: Trading Volume - The average 20-day trading volume for CVNA is 3,378,263 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the last two months, four earnings estimates for CVNA have been revised upwards, increasing the consensus estimate from $4.48 to $4.99 [9] - For the next fiscal year, five estimates have moved higher while one has been revised downwards, indicating a generally positive earnings outlook [9] Group 5: Conclusion - Given the positive momentum indicators and earnings outlook, CVNA is positioned as a promising stock for near-term investment [11]

Company Overview - Carvana (CVNA) currently holds a Momentum Style Score of B, indicating potential for strong performance based on recent trends [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4] Price Performance - Over the past week, Carvana's shares increased by 1.41%, while the Zacks Internet - Commerce industry remained flat [6] - In the last month, Carvana's stock price rose by 26.91%, significantly outperforming the industry's 7.67% [6] - Over the past quarter, shares of Carvana have surged by 71.07%, and over the last year, they have increased by 212.19% [7] - In contrast, the S&P 500 has shown a movement of -0.42% over the last quarter and 13.57% over the last year [7] Trading Volume - Carvana's average 20-day trading volume is 4,037,623 shares, which is a useful indicator of market interest and momentum [8] Earnings Outlook - In the past two months, four earnings estimates for Carvana have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.52 to $4.64 [10] - For the next fiscal year, six estimates have moved higher, with no downward revisions during the same period [10] Conclusion - Considering the positive price trends, strong earnings outlook, and favorable trading volume, Carvana is positioned as a strong momentum pick with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [12]