Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Have you been paying attention to shares of Carvana (CVNA) ? Shares have been on the move with the stock up 37.1% over the past month. The stock hit a new 52-week high of $299 in the previous session. Carvana has gained 44.1% since the start of the year compared to the 3.2% move for the Zacks Retail-Wholesale sector and the 4.8% return for the Zacks Internet - Commerce industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings con ...

Carvana (CVNA) FY Conference May 13, 2025 03:50 PM ET Speaker0 Okay, great. This is not for the list you're maintaining, but So yes, thanks, Ernie Garcia, Co Founder and CEO of Carvana, for being here. My name is Rajat Gupta, a member of the Automotive Equity Research team at JPMorgan. Thanks, for joining, and thanks, Ernie, again, for being here. Speaker1 Yes, of course. Excited to be here. Speaker0 So yes, let's get right into it. You provided some fairly explicit long term targets, 3,000,000 units in fiv ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Sc ...

Shares of Carvana Co. CVNA have reversed and are trading lower Friday. This follows Wednesday’s rally of more than 10%, which was driven by a positive earnings report.It wasn't a coincidence that the stock reversed where it did. There is also a good chance that if it continues to trade lower, it will find support around the $259 level. This is why it is our Stock of the Day.You can see on the chart that Carvana ran into resistance around the $289 level. There was resistance at this level because it was resi ...

Used car e-retailer Carvana (CVNA) reported first-quarter earnings of $1.51 per share, which breezed past the Zacks Consensus Estimate of 75 cents and the year-ago quarter’s loss of 41 cents per share. Better-than-expected revenues across all segments led to the outperformance. Revenues of $4.23 billion beat the Zacks Consensus Estimate by 4.7% and rose 38% year over year.Key HighlightsTotal gross profit amounted to $929 million, up 57.2% year over year. Total gross profit per unit (GPU) was $6,938, rising ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Carvana TodayCVNACarvana$281.48 +22.31 (+8.61%) 52-Week Range$97.55▼$292.84P/E Ratio179.29Price Target$260.35Add to WatchlistCarvana NYSE: CVNA is not out of the weeds but is performing well in 2025, accelerating its business turnaround. The Q1 results reveal strengths in consumer markets and rapidly improving profitability, which have it on track to reach lofty new goals. Company execs announced new long-term targets, including exceeding 3 million in annual retail unit sales with a 13.5% margin. That’s mo ...

Carvana (CVNA) reported $4.23 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 38.3%. EPS of $1.51 for the same period compares to -$0.41 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.04 billion, representing a surprise of +4.70%. The company delivered an EPS surprise of +101.33%, with the consensus EPS estimate being $0.75.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Carvana (CVNA) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to loss of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 101.33%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.56, delivering a surprise of 133.33%.Over the last four quarters, the company has surpas ...