Thu Jan 02 15:10:00 UTC 2025: ## Carvana Stock Dips into Oversold Territory, Sparking Investor Interest
**NEW YORK, January 1, 2025** – Shares of Carvana Co. (CVNA) plummeted to oversold levels on Tuesday, reaching a relative strength index (RSI) of 28.6 and a low of $199.05 per share. This significant drop has piqued the interest of some bullish investors.
The decline comes as the broader market, as measured by the S&P 500 ETF (SPY), shows a less extreme RSI of 41.4. Analysts suggest that Carvana’s low RSI reading could signal the end of recent heavy selling pressure, presenting a potential buying opportunity for those seeking entry points. Over the past year, CVNA shares have ranged from a low of $40.21 to a high of $268.34, with Tuesday’s closing price at $202.76.
While some investors see this as a buying signal, it’s important to note that this analysis represents the opinion of the author and does not reflect the views of Nasdaq, Inc. Further research is recommended before making any investment decisions. A list of other oversold stocks is available on the original source website, though access was temporarily unavailable at the time of publication.
First Piper 