10 Firms Shine Amid Wall Street’s Lackluster Trading

5. Carvana Co. (NYSE:CVNA)

Used car retailer Carvana Co. (CVNA) resumed a four-day winning streak on Thursday, adding another 8.35 percent to its share prices to close at $231.92 each after gaining an upgraded outlook from Zack Research.

On Thursday, Zack Research said it upgraded Carvana to Zacks Rank #2, indicating a “buy” rating, with the upgrade based on an upward trend in the company’s earnings estimates.

“This company is expected to earn $1.25 per share for the fiscal year ending December 2024, which represents a year-over-year change of 66.7 percent. Analysts have been steadily raising their estimates for Carvana. Over the past three months, the Zacks Consensus Estimate for the company has increased 26.4 percent,” the investment research firm noted.

According to Zacks, Carvana’s (CVNA) rating upgrade positions itself in the top 20 Zacks-covered stocks in terms of estimate revisions, implying that it might move higher in the near term.