On Thursday, Carvana Cl A got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Carvana Cl A is not currently near a proper buy point. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
One weak spot is the company's 39 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 0% EPS growth. Sales growth climbed 46%, up from 32% in the prior report. The company has now posted increasing growth in each of the last two reports. The company's next quarterly report is expected on or around May. 7.
Carvana Cl A earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Group 1 Automotive and OPENLANE are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
