It's not the easiest name to have confidence in but online used-car retailer Carvana Co (NYSE:CVNA) might still be able to deliver the goods for bullish speculators. While economic conditions cloud the overall retail environment, the automotive market in particular might not be as weak as presumed. Plus, CVNA stock just flashed a rare quantitative signal that could entice risk-tolerant traders.
Of course, it's impossible to discuss the potential trajectory of Carvana stock without mentioning the economy. There's no question that worrying signs exist, such as consumers skimping on simple luxuries — such as eating out — and instead electing low-cost alternatives. As well, pressure from the Trump administration's tariffs and still-elevated inflation pose serious challenges.
