CVNA stock price news: Carvana Co. down smalls near $225.00
|- Carvana Co. (NYSE: CVNA) retreats to the $225.00 area on Wednesday.
- Expectations of record results catapulted shares around 30% on Tuesday.
Shares of Carvana Co. (NYSE: CVNA) are trading slightly into the negative territory in the premarket activity on Wednesday following Tuesday’s sharp advance of more than 30%.
Carvana Co. (NYSE: CVNA) rose to levels just shy of the all-time high at $235 per share (September 1) on Tuesday after the online used car retailer announced it expects record results in revenue, units sold and gross profit per unit during the July-September period.
CVNC Stock Forecast
As premarket trading hours remain under way, shares of Carvana Co. (NYSE: CVNA) are losing 0.81% at $225.00 and face the next support at $193.07 (21-day SMA) seconded by $175.67 (55-day SMA) and then $158.25 (monthly low Sep.21). On the upside, the all-time high at $235.00 (September 1) is the next hurdle of relevance.
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