Carvana shares climbed 3.32% to $362.60 as investors positioned ahead of the fourth-quarter earnings release, with analysts forecasting $5.23 billion in revenue (up from $3.55 billion year-over-year) and earnings per share of $1.12 versus $0.56 last year. The company sold 155,941 vehicles in Q3 and aims to exceed 150,000 units in Q4.

Currently trading 12.3% below its 20-day simple moving average and 16.2% below its 50-day SMA, Carvana's RSI stands at 35.23 and MACD sits below its signal line, suggesting limited upward momentum. Key support is identified at $310, while resistance sits at $420, indicating potential price inflection points.

Carvana has experienced extreme share price swings, peaking at about $375 during the pandemic, collapsing to near $4 in 2022, and rallying to roughly $485 in January 2026, resulting in a 12-month return of 26.97% despite year-to-date declines. The stock's previous streak includes seven consecutive quarters of revenue beats and eight of ten quarters with profit surprises.