Driven by Opportunity: Buying Into Carvana's Bull Flag
Lets face it buying a car through traditional means can is normally a dreadful experience—aggressive salesmen, awkward pauses, and the back-and-forth negotiation at the sales manager’s desk that ultimately lead to landing back on the price they were thinking about in the first place. Carvana offers a refreshing change with an entirely online and convenient purchasing experience. The unique showroom setup with vending machine-style glass boxes adds an interesting twist to the process. You can input your code and watch your car “pop” out, without the frustration of stuck packets of chips or candy bars—a childhood trauma I'm clearly not over!
From a business perspective, Carvana excels by offering a streamlined, online buying experience with the option for easy delivery or pickup, which makes sense in today’s consumer landscape.
Financials: Carvana has posted impressive triple-digit EPS growth over the last two years (+104.75% in 2023 and +112.61% in 2025) and has shown similar results over the past two quarters (Q3 +132.50% and Q4 +554.04%)
Technical Analysis:
Carvana’s technicals look strong. On the longer-term weekly chart, it recently moved up through Weekly price resistance at 292.84, and is currently resting to catch its breath on top of this level. I would expect to hod above here and push on to achieve further upside to the all-time-highs at 376.83.
Daily Technical Analysis:
On a closer view the daily chart, $CVNA is consolidating its recent gains in an orderly fashion, holding above the broken weekly pivot and the 10/21-EMA zone, ranging from 292.84 (10-EMA) down to 268.88 (21-EMA). The volume on the current correction has been light, and the price action appears to be taking the form of a “Bull Flag.”
A clear and decisive break above the flag boundary at 303.75 would kick off the next up leg.
