Cvna stock price could benefit from seasonal trends

CVNA stock price could benefit from seasonal trends, as Q3 historically shows higher online car sales volumes. Market projections hint at testing $90 if seasonal demand holds. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.12 per share and a revenue of $18.83 billion, indicating changes of +222.01% and +37.72%, respectively, from the former year. Carvana Co. (NYSE: CVNA ) is one of the best automotive stocks to buy according to hedge funds . On August 25, Citizens JMP analyst Andrew Boone reiterated a buy rating on Carvana Co. (NYSE:CVNA) with a $460 price target. CVNA stock price recently saw increased volatility, closing at $82.15 yesterday, up 3.4% intraday as traders reacted to positive Q1 sales data. Analysts note strong consumer demand in the used car market could push short-term resistance toward $85 if momentum holds.