Tag: Carvana

  • Why It’s Time to Sell Shares of Carvana

    Why It’s Time to Sell Shares of Carvana

    Carvana (CVNA) is pushing higher, as hoped. As we noted on July 10, “Carvana could race to higher highs. For one, the company recently said it now expects to achieve adjusted EBITDA above $50 million in the second quarter of 2023.  Two, analysts love the stock. DA Davidson raised its price target to $18 from $7.  Citi…

  • This is Why Carvana Could Race to Higher Highs

    This is Why Carvana Could Race to Higher Highs

    Left for dead in early 2023, Carvana (CVNA) came back strong. In fact, since bottoming out at $3.62, the stock is now up to $32.30, and could see higher highs. For one, the company recently said it now expects to achieve adjusted EBITDA above $50 million in the second quarter of 2023.  Two, analysts love the…

  • The Carvana Rally is Far From Over

    The Carvana Rally is Far From Over

    Look at Carvana (CVNA) go. Left for dead at the tail end of 2022, the stock has been explosive.  In fact, since January, CVNA ran from about $4.25 to $25 so far.  And it may still have more gas in it. All thanks to cost-cutting and an updated outlook. According to the company, it now…