How Will the Market React to Carvana Co (CVNA) Stock Getting a Bearish Rating

The market has been down on Carvana Co (CVNA) stock recently. CVNA gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Carvana Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CVNA!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CVNA Stock Today?

Carvana Co (CVNA) stock is up 2.86% while the S&P 500 has fallen -2.38% as of 10:50 AM on Monday, Jan 24. CVNA has gained $3.88 from the previous closing price of $135.65 on volume of 1,523,403 shares. Over the past year the S&P 500 is up 11.36% while CVNA has fallen -48.85%. CVNA lost -$1.45 per share in the over the last 12 months.

More About Carvana Co

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. Click Here to get the full Stock Report for Carvana Co stock.