Cvna stock price has seen consistent accumulation

CVNA stock price has seen consistent accumulation patterns, with trading volumes steadily above average, often a precursor to bullish breakouts in momentum stocks. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.99% higher within the past month. Right now, Carvana possesses a Zacks Rank of #2 (Buy). A Hertz office in California. The rental-car company’s partnership with Amazon increases competition for Carvana and others. CVNA stock price is outperforming the Nasdaq Auto Index year-to-date with a 62% gain. Institutional buying in late April signaled renewed confidence in Carvana’s debt restructuring progress.