Carvana (CVNA) Surges: Stock Moves 7.3% Higher
Carvana Co. CVNA was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 12.6% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Carvana currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Investors interested in the Internet – Commerce industry may consider Expedia Group, Inc. EXPE, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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