Carvana Co ( (CVNA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Carvana Co’s stock experienced unusual movement due to a post-earnings selloff, prompting Citi to lower its price target. Despite this, Citi sees potential buying opportunities, suggesting that the company’s conservative Q4 outlook might lead to growth. Other firms, including Evercore ISI and DA Davidson, have also reduced their price targets, indicating a cautious optimism in the market.
More about Carvana Co
YTD Price Performance: 53.61%
Average Trading Volume: 2,895,442
Technical Sentiment Signal: Buy
Current Market Cap: $66.69B
For further insights into CVNA stock on TipRanks’ Stock Analysis page.
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