CVNA Price Prediction Next Week
Technical Analysis
Based on recent price action and technical indicators, CVNA shows a bearish reversal pattern after reaching $272.40. The stock has experienced significant selling pressure following its Q4 earnings report, with declining volumes suggesting weakening momentum.
News Impact
- Recent earnings triggered a stock slide despite better-than-expected results
- Morgan Stanley noted "expectations were high" and cited "lack of specific FY25 margin guide" as concerns
- Company announced integration of inspection capabilities at ADESA Indianapolis site, potentially creating 200 new jobs
Price Forecast (Next Week) Target Price Range: $245-255
- Support levels: $250, $240
- Resistance levels: $275, $285
The stock appears overbought after surging 387% over the past year. Technical indicators suggest a pullback is likely in the coming week.
Trading Recommendation: SELL Rationale:
- Valuation near historical highs with P/S ratio of 3.6x
- Recent earnings-driven selloff indicates profit-taking
- High debt burden of $5.6B remains a concern
- Competition intensifying with Amazon's entry into online car sales
Target Entry: Current market price (~$269) Stop Loss: $285 Take Profit: $245
CVNA Similar Chart Price Prediction
The price of CVNA is predicted to go up 6.68%, based on the high correlation periods with OC. The similarity of these two price pattern on the periods is 97.13%.
CVNA
OC
Up: 6.68%Similarity: 97.13%
CVNA Revenue Forecast
CVNA EPS Forecast
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CVNA Analyst's Forecast
Ronald Josey
Citigroup
Strong Buy
2025-02-21
Price Target
$277 → $320
Upside
+43.3%
Carvana disclosed in its annual filing that on February 19, it entered into a second amended and restated distribution agreement with Barclays Capital, Citigroup, and Virtu Americas to further refresh its "at-the-market offering" program, whereby the company may sell up to the greater of: a number of shares of class A common stock representing an aggregate offering price of $1.0B or an aggregate of 21,016,898 shares of its class A common stock, from time to time.
Michael Baker
DA Davidson
Hold
2025-02-20
Price Target
$220 → $260
Upside
+4.96%
Brad Erickson
RBC Capital
Buy
2025-02-20
Price Target
$280 → $320
Upside
+29.18%
