Why the Market Dipped But Carvana (CVNA) Gained Today

Carvana (CVNA) ended the recent trading session at $242.15, demonstrating a +0.7% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 1.46%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq lost 3.07%.The company's shares have seen an increase of 11.8% over the last month, surpassing the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 1.08%.Market participants will be closely following the financial results of Carvana in its upcoming release. The company plans to announce its earnings on February 19, 2025. In that report, analysts expect Carvana to post earnings of $0.25 per share. This would mark year-over-year growth of 125%. Alongside, our most recent consensus estimate is anticipating revenue of $3.34 billion, indicating a 37.8% upward movement from the same quarter last year.It is also important to note the recent changes to analyst estimates for Carvana. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Carvana is holding a Zacks Rank of #3 (Hold) right now.In terms of valuation, Carvana is currently trading at a Forward P/E ratio of 90.28. This expresses a premium compared to the average Forward P/E of 21.67 of its industry.The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 70, this industry ranks in the top 28% of all industries, numbering over 250.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carvana Co. (CVNA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks