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Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Jun 8, 2017.
Still holding, guys, they're flirting with $300. They just opened a few new stores in Louisiana.
I thought this was a gimmick that would fade, but I guess I was wrong!
Just to let you all know, this thing provided -QUITE- a bit of action today as well as Rocket. It's been upgraded to $420/share recently, and I can see it happening.
The volume in this thing is not very impressive, yet it continues moving up. I am in at a great price so am holding, especially since I'm seeing
a handful of analysts raising the target to the high 300's and even 400 level.
Bump. I think this can stretch to $320.00.
It's been given a 360/share estimate by Wells Fargo.
People who bought this stock when this thread was first made, June 2017 @15$ a share, are sitting pretty.
CVNA has seen a crazy rise, They benefited CRAZY from the pandemic. I would be SELLING.
Think. Pandemic. Everyone bought a new car (or used). It was crazy how many 30-day tags you saw and still see from people who were quite frankly receiving a stable, steady income for perhaps the first time in their lives (via enhanced unemployment). And on top of that, this was one of the only and by far the largest e-commerce platform for used car sales. So they saw a double benefit from the COVID-19 pandemic.
I do see CVNA having long-term application but I do not see it holding anywhere close to this level. As things return to normal, so will their numbers.
Just my 2cents. SELL @300$