Carvana Stock Joins Rank Of Stocks With RS Ratings Over 90

On Wednesday, Carvana A (CVNA) cleared a noteworthy performance benchmark, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an upgrade to 91, up from 88 the day before.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the best stocks typically have an RS Rating north of 80 at the beginning of a new run.

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Is Carvana Stock A Buy?

Carvana stock is still inside a buy range after moving past a 323.49 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it’s best to wait for it to set up another buying opportunity. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.


Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 61%, compared to 0% in the prior report. Revenue increased from 65% to 104%. Keep an eye out for the company’s next round of numbers on or around Aug. 5.

The auto retailer stock earns the No. 13 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Autonation (AN), Lithia Motors (LAD) and Asbury Automotive (ABG) are among the top 5 highly rated stocks within the group.


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