Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the nearterm price movement of its stock are proven to ...

Online car marketplace Carvana has introduced new features for buying and selling electric vehicles (EVs). "By integrating the federal tax credit directly into our eCommerce experience, we are driving convenience and savings for the increasing portion of our customers interested in buying EVs," Gill added. According to the release, Carvana's automated system now checks vehicle eligibility and applies the Clean Vehicle Tax Credit to the purchase of electric or plug-in hybrid vehicles at checkout for eligible ...

Key Takeaways Needham issued a price target of $160, a 27% premium over Tuesday's closing price. Carvana shares, which traded as low as $25.09 last November, were up 5.7% to $132.79 as of 12:15 p.m. ET Wednesday. New Features for Buying EVs "By integrating the federal tax credit directly into our ecommerce experience, we are driving convenience and savings for the increasing portion of our customers interested in buying EVs," Chief Product Officer Dan Gill said. tips@investopedia.com Carvana (CVNA) shares s ...

A single analyst's upgrade can excite a market; a trend of upgrades can lift it, which is lifting Carvana NYSE: CVNA—a trend in upgrades signaling a shift in sentiment and a sustainable rally for this stock. The upgrade trend is strong enough to put CVNA on MarketBeat's list of Most Upgraded Stocks, which is significant because Carvana has been prominent on the list of Lowest Rated Stocks for many quarters. The takeaway is that this once stalled investment is rebounding, and the rebound is shifting into hig ...

Short sellers have exited their positions in recent weeks. Short interest fell 8.5% in the last two reporting periods, yet the 21.91 million shares sold short represent 20.2% of CVNA's total available float. This amounts to five days' worth of pent-up trading power, at the security's the average daily trading volume. The $160 price target is an 18.5% premium to Carvana stock's current perch, and it sits in territory not seen since February 2022. The security is already outperforming the broader market, up 2 ...

Carvana's (CVNA) comeback story has truly been remarkable. The used car e-retailer that was on the verge of bankruptcy in 2022 has turned heads with its epic turnaround. After plummeting 98% in 2022, Carvana emerged as the top-performing auto stock of 2023. It was the biggest gainer on the Russell 3000 last year. CVNA continues its stellar run on the bourses, with the stock surging around 130% so far this year, outperforming its peers, including CarMax (KMX) , AutoNation (AN) and Lithia (LAD) . YTD Price Pe ...

This index typically hovers between 12% and 20%; the lower it is, the quieter the overall stock market is, and therefore, it is harder to profit on a relatively short-term move. This is why investors would benefit from looking into a list of high-beta stocks, as these tend to move more aggressively than the market average. Fitting this list is Carvana Co. NYSE: CVNA, with a 3.3 beta, meaning this stock will usually move three times as much as the broader S&P 500 on any given day. Second on the list is Sofi ...

High-beta growth stocks have the potential to surprise investors. Exactly a year before, Carvana (NYSE:CVNA) stock was trading at $23.5. The stock has surged by 367% and trades in triple digits. This column focuses on three growth stocks under $20 to buy that are likely to trade above $100 in the next 36 months. Considering the rally in CVNA stock, my upside estimate is conservative. Therefore, I have focused on high-beta growth stocks with an attractive growth outlook. Business catalysts will likely ensure ...

In theory, this sort of electric vehicle could transform the urban taxi market. Perhaps EVs would be a real improvement over traditional helicopters. But that is far from certain. As a reminder, private helicopter services have existed for decades and remain a niche. While certain wellheeled customers are willing to pay up for private air services, it's unclear that the economics will ever pencil out as a mass market operation. Joby and the other eVTOL upstarts are betting that electrification is the key th ...

Amidst positive market trends and robust financial performance, several analysts have rated strong buy auto stocks to capitalize on the industry's growth. General Motors' (NYSE:GM) stock is on an upward trajectory after announcing a 33% increase in its dividend and a $10 billion share repurchase program earlier this year. The auto giant is appealing to its investors once again with an additional $6 billion in stock buybacks. A second catalyst for the industry is the electrification of cars. While the adopti ...