Carvana Stock Drops Despite Analyst Optimism Ahead of Earnings Release

Carvana's stock price fell despite broader market gains. The company's shares have risen over the past month.
Carvana is expected to report a smaller loss per share compared to a year ago when it releases earnings. Revenue is forecasted to decline year-over-year.
Analysts have maintained their consensus earnings and revenue estimates for Carvana in recent weeks. Positive estimate revisions can signal optimism about a company's outlook.
Carvana currently has a Zacks Rank of 3, indicating a hold rating. The company is part of the internet commerce industry which ranks in the top 29% of Zacks' 250+ industries.
Zacks recommends some stocks expected to outperform over the next 30 days that investors may want to consider buying.

Carvana's stock price fell despite broader market gains. The company's shares have risen over the past month.
Carvana is expected to report a smaller loss per share compared to a year ago when it releases earnings. Revenue is forecasted to decline year-over-year.
Analysts have maintained their consensus earnings and revenue estimates for Carvana in recent weeks. Positive estimate revisions can signal optimism about a company's outlook.
Carvana currently has a Zacks Rank of 3, indicating a hold rating. The company is part of the internet commerce industry which ranks in the top 29% of Zacks' 250+ industries.
Zacks recommends some stocks expected to outperform over the next 30 days that investors may want to consider buying.