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Carvana Co.

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CVNA trade ideas

$CVNA 80% GAIN IN 3 MONTHS, DON'T BE GREEDY.As earnings approach the options market has been very active in CARVANA. Noteworthy activity has been on the put side with unusual activity for the $35 and $45 strike puts. We do not hold the name but in the current market it would be wise to bank profits when the stock has the possibility if a double top forming. Give the fact that the price is well above the average Analysts estimate of $62 there is also the possibility of negative re-ratings post earnings. Company Description Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties.
NYSE:CVNA
by RedHotStocks
CVNA, you soar too high. I think CVNA is going to blow off some of these gains because Cramer noticed it and talked about it. This is where we can test the Power of (very entertaining) Television Personalities. I heard Cramer explain that this stock has no reason to be on such an upward tear. When I got home, I checked the charts. Indeed... there's no arguement. It's jammin. But why? And I'll bet most of Cramer's viewers did the same thing today. And they're thinking the same thing. And a few are gonna sell. So I think that a little put vertical is in order.
NYSE:CVNAShort
by Lothar_of_the_Hill_People
1
The "New" way to buy a car? No way.Investors are always on the look out for the new and innovative. Although Carvana fell -6% on its IPO debut, it has seen growth up to $71 a share based on the advantages of Carvana. Today, we see a a drop of 60% from the ATH . As more and more dealerships get on board with a money-back guarantee, the advantages of Carvana start falling very fast. Traditional dealerships have shipped vehicles long before Carvana inception. Traditional dealerships still hold the advantage of face-to-face interactions, lenders, interest rates, and accountability. Carvana is just another way to buy, and not the new way to buy a vehicle. With this, expect share price to continue in its downtrend to its IPO price or lower. Morgan Stanley also slashed its outlook for Carvana for another 40% from current prices.
NYSE:CVNAShort
by WorldEconomics
CVNA falling knife, wait for the trade...CVNA is in a falling wedge and failed to hold above the 236 from ATH to recent swing low, super bearish. Daily bearish divergence playing out on the MACD, RSI showing continuation of the bear trend. VFI is super bearish indicating low money flow. All on daily time scales. There is weak support at 27.65, with major supports being both 23.60 and the bottom of the channel. If the channel doesn't hold, the 786 from the major swing is the next psychological support, as well as the bottom of the wedge w/ stronger supports at 19.20, 16.75, 12.46 prices.
NYSE:CVNA
by remlog
It could make A BIG MOVE!!!NYSE:CVNA I'd like to see this one move sideways to consolidate and gain some strength in the morning before it gets going (just like drawn on the chart). buy as a swing trade above 37.14, with a stop at 35.48; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then don't chase it. Please like and comment if you like my ideas. THANK YOU!!! Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
NYSE:CVNALong
by xtrading_ideas
CVNA Breaking Out of DowntrendCVNA has broken out of a downtrend that started in mid September. It is also testing the resistance line of a rounding bottom that started forming in early December. I went long near the closing price of the breakout day based on break of downtrend. This trade would be considered premature in terms of the rounding bottom thesis but I may add to my position if it goes my way and the rounding bottom is proven. The RSI is right around 54 at the moment indicating that there is room to run much higher. Stop loss is set just below the low of the last day inside the downtrend: $34.70 or 6% risk. Ideal target is the approximate height of the round bottom which is $8.50: $45.40 or 23%. Risk/ reward is: 3.84 WHY THIS TRADE MIGHT FAIL: Target was established based on assumed completion of another pattern. Volume on breakout day was less than ideal. Rounding bottom volume approximately but far from perfectly matches the shape of the bottom itself. The $40 is a key level which could impede reaching the full target. Good luck have fun.
NYSE:CVNALong
by ZeroEdgeCapital