Cvna stock price sits near a 3-month high

CVNA stock price sits near a 3-month high, driven by stronger-than-expected consumer credit availability in auto loans. Analysts see potential upside if macro conditions remain stable. The bullish case solidifies once investors consider CVNA's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 2 higher, while the consensus estimate has increased too. After a monster run from ~$148 to ~$413, CVNA is cooling off inside a tight range ($323–$376). This looks like a classic bull flag — a pause before the next leg higher. A breakout above $376 could send price first to $413 and then toward $450 (+37%). A drop below $323, however, may open the door for CVNA stock price reaction to the Fed’s latest commentary suggests traders are optimistic about easing financial conditions aiding consumer auto demand.