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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Carvana (CVNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Carvana's stock has dropped over 40% from its February peaks, presenting a buying opportunity at a reasonable ~22x adjusted EBITDA multiple. The company's Q4 results showed strong retail unit sales and healthy adjusted EBITDA margin expansion, reinforcing my buy rating. Management continues to expect sequential growth in retail unit sales in Q1 and in FY25, despite a tough macroeconomy.
Carvana Co. (NYSE:CVNA) shares added more than 5% on Thursday after it received positive reports from two brokers, with Bank of America analysts stating Amazon Autos' expansion could boost sales for other online auto retailers. The analysts suggested that Carvana is unlikely to face significant pressures from Amazon's entry into the auto market, which aligns more closely with third-party listing sites like TrueCar and CarGurus than with Carvana's model.
Carvana (CVNA 4.25%) stock is posting big gains in Thursday's trading thanks to bullish analyst coverage. The company's share price was up 4.8% as of 2:15 p.m.
Investors should load up on Carvana Co (NYSE: CVNA) following a more than 35% decline in its stock price since mid-February, says Alexander Potter – a Piper Sandler analyst. Carvana shares have been hit hard in recent weeks amidst the broader market sell-off due to continued uncertainty coming out of the White House.
Shares of Carvana Co CVNA were climbing in early trading on Thursday.
After retail got beaten down in recent earnings, Five Below (FIVE) managed a rally with a strong beat and guidance. However, Diane King Hall says the store will bump up prices due to tariff impacts.
Despite near-term economic uncertainty, CVNA's strong execution and growth potential suggest its recent stock decline may be a buying opportunity.
Carvana stock price has moved into a bear market after plunging by over 36% from its highest level this year. CVNA has fallen to its lowest level since January 26, giving it a market cap of $46 billion.