Carvana Demand Approaching All-Time Highs
LikeFolio published a Bullish alert for Carvana (CNVA) in September of 2019.
Shares have gained more than +300% since then, but we’re still maintaining our outlook.
Consumer mentions of using Carvana's service to shop for and purchase a car have risen on year-over-year basis in the past 26 fiscal quarters, currently pacing +46% YoY in the past 90 days.
Today shares of the online used-car dealer are up +5.5%, after receiving a major upgrade from a Morgan Stanley analyst last Friday.