Is Carvana Co (cvna) a good stock to buy?

Carvana Co (NYSE:CVNA), an online used car seller, is one of the 20-most shorted stocks according to S3 Partners, a firm that tracks short-selling data. But the stock has been resilient and is up more than 1,000% year-to-date. Carvana is not the only so-called meme stock to see significant rallies in the past few months.

How far is Carvana stock from the 52-week low?

According to the current price, Carvana is 1,124.03% away from the 52-week low. What was the 52-week high for Carvana stock? The high in the last 52 weeks of Carvana stock was 57.19. According to the current price, Carvana is 71.15% away from the 52-week high. What are analysts forecasts for Carvana stock?

Is Carvana a short-squeeze stock?

Carvana has been a short-squeeze stock this year, as investors betted against the company performing well as used car sales slumped thanks to higher interest rates and inflation. Carvana has rallied 1,032% in 2023, with short sellers losing more than $2.18 billion to date - $646 million of that figure just came from Wednesday’s rally.

Did Carvana's earnings beat plans by 2 weeks?

Investors were spooked when Carvana brought forward its earnings beat plans by two weeks. The stock had fallen 10% in the lead-up to the report, but they needn’t have been concerned. After all the good news, Carvana shares closed at over $55.80 on Wednesday - a vast 40% daily gain for the share price.