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00:02Carvana shares fell Tuesday amid a broader market pullback,
00:06following a 5-for-1 stock split that took effect May 8th, according to Benzinga.
00:11The online used car retailer had reported first quarter revenue of $6.43 billion,
00:18beating the analyst consensus of $6.08 billion and earnings of $1.69 per share.
00:24The stock was trading 16.9% below its 20-day SMA and 8.2% below its 50-day
00:31SMA,
00:32with key resistance at $71 and key support at $55.
00:37Analysts maintained a buy rating with an average price target of $96.92,
00:43though recent forecasts were revised, including Barclays at $93 and BTIG at $97.
00:51Shares were down by 1.23% at $65.21 in Wednesday's pre-market trading,
00:57according to data from Benzinga Pro.
01:00For all things money, visit Benzinga.com.
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