Cvna stock price traders are betting on a bullish

Traders are betting on a bullish earnings surprise in the next report. It's also important to note that CVNA currently trades at a PEG ratio of 1.28. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Commerce industry currently had an average PEG ratio of 1.48 as of yesterday's close. Headquartered in Tempe, AZ, Carvana Co. (NYSE:CVNA) is an e-commerce platform and a holding company involved in the buying and selling of used cars. CVNA stock price gained momentum after the company reported a 36% increase in vehicles sold online, beating market expectations in recent quarterly figures.