Carvana Demand Approaching All-Time Highs

March 1, 2021

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.

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