Carvana is an online used car retailer based in the USA. iT is the fastest growing onlin used car dealer in the UNited States. Carvana was named to the 2021 Fortune 500 lisy, one of the youngest companies to be added to the list. It can also be classified as an E-commerce company. As of 2022, Carvana has a total staff strength of 16,600. The revenue as of 2022 was $13.6 billion. In April 2017, the company went public and began trading on the NYSE under the symbol of $CVNA. As of June 2023, Carvana has a market cap of $4.49billion. It is the world 2663th most valuable company.
Since the all-time high of $CVNA was reached at $378 in August 2021, the price has fallen badly as price reached the all-time low at $3.06 in December 2022. Price opened in 2023 at $4.29 and the year has been largely bullish with price currently at $23.32. There was a 10% surge in value on June 16 which took price to the year’s high at $28.75. On the daily chart RSI shows price is overbought, despite that, we might see a rally to $40 in the coming weeks.
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