Its earnings, however, fell short of analysts’ estimates. The used-car retailer ‘s third-quarter revenue increased +11.5% year-over-year to $4.79 billion, exceeding analysts’ estimate of $4.68 billion. Same-store sales climbed +7.5%, beating analysts' expectation of  +6.2% . Strong conversion, bolstered by continued support from third-party lending partners, web traffic growth, and a favorable response to consumer initiatives boosted the results. Used vehicle sales rose +13.6% to $4.03 billion, which is higher than analysts’ estimate of $3.97 billion.

New-age car buying company Carvana (NYSE: CVNA) saw two potential bearish signs over the last few days.The stock has rallied since early February and that is what caused the oscillators to move in to overbought territory. In addition to the bearish stochastics crossover, the Tickeron AI Prediction tool generated a bearish signal on Carvana on February 28.