Is Carvana Co. (CVNA) the Best Used Car Stock to Buy According to Hedge Funds? [Yahoo! Finance]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
Used Car Prices Decline: What Buyers Need to Know The used car market plays a vital role in the automotive industry by providing affordable vehicle options. The market also supports economic growth by creating jobs in sales, financing, and maintenance while promoting sustainability through the reuse of vehicles. According to IMARC Group, the United States used car market size reached 36.1 million units in 2023?. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 3.5% during 2024-2032 to reach 50.36 million units by ?the end of the forecasted period. The used car market is experiencing notable changes as prices have continued to decline, creating a more favorable environment for buyers. In Q2 2024, the average price of used vehicles fell by 6.8% year-over-year, dropping from $29,382 to $27,319, according to data from Edmunds. Despite this decline in used car values, the average time it takes to sell a used vehicle remains almost unchanged
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News
- New Strong Buy Stocks for October 17th [Yahoo! Finance]Yahoo! Finance
- Carvana and Jimmie Johnson Select Sonoran Desert-Inspired Paint Scheme as Fan Contest WinnerBusiness Wire
- New Strong Buy Stocks for October 10th [Yahoo! Finance]Yahoo! Finance
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at JPMorgan Chase & Co. from $185.00 to $230.00. They now have an "overweight" rating on the stock.MarketBeat
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at Bank of America Co. from $185.00 to $210.00. They now have a "buy" rating on the stock.MarketBeat
CVNA
Earnings
- 7/31/24 - Beat
CVNA
Sec Filings
- 10/17/24 - Form 4
- 10/15/24 - Form 4
- 10/11/24 - Form 4
- CVNA's page on the SEC website