One of the names we’re paying attention to is $CVNA or Carvana
We are looking for a few of these growth and Tech names to Rally and Carvana would fit in line with flow of things. Carvana reports earnings on Thursday May 4th which could be further act as a catalyst for a run up provided a strong report.
Long / Bullish Targets on $CVNA are 20 & 40
Carvana is a leading e-commerce platform for buying and selling used cars in the United States. Founded in 2012, the company is headquartered in Tempe, Arizona, and operates in over 275 markets across the country. Carvana’s unique business model allows customers to purchase used cars online and have them delivered to their doorstep, or pick them up from one of the company’s vending machines.
For shareholders and investors, Carvana represents an exciting opportunity in the rapidly evolving world of e-commerce and automotive retail. In the past year, the company has experienced explosive growth, with revenue increasing by over 100% year-over-year to reach $5.6 billion in 2020. Despite the challenges posed by the COVID-19 pandemic, Carvana’s innovative business model and commitment to customer service have helped it to thrive in a highly competitive industry.
Carvana’s success has not gone unnoticed by Wall Street. The company went public in 2017 and has since seen its stock price increase by over 1,000%, making it one of the hottest stocks on the market. As of April 2023, Carvana has a market capitalization of approximately $98 billion.
Looking ahead, Carvana is well-positioned to continue its impressive growth trajectory. The company has recently announced plans to expand into new markets, including Canada, and is investing heavily in technology to enhance the customer experience. With a talented leadership team and a proven track record of success, Carvana is a compelling investment opportunity for anyone looking to get in on the ground floor of a company that is changing the way people buy and sell cars.
