Carvana Co

CVNA is entrenched in a Stage 4 decline, reinforced by bearish head-and-shoulders and descending triangle breakdowns. Price is below the 9/20-day EMAs and the 50-day SMA, confirming negative momentum. The medium-term directional bias is bearish, and short-term conditions favor immediate selling into any relief rally or resistance zone around the broken 50-day SMA up to the 72–73 EMA area. Execution will focus on rejection at these resistance levels to participate in continued downside.

• ↑Q3 2025 revenue hit $5.647B (+55% YoY) on robust unit sales
• ↑Adjusted EBITDA reached $637M (+28% YoY) with 11.3% margin
• ↓Net leverage at 1.3x EBITDA raises balance-sheet risk