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Why Carvana Jumped 35% in November

TheMotleyFool

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Why Carvana Jumped 35% in NovemberPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png

Shares of Carvana (NYSE: CVNA) jumped 35% in November, according to data from S&P Global Market Intelligence. That move sent the online retailer of used cars from $185 per share to $250 per share during the month.

Carvana shares have been on a tear in 2020. The stock is up 172% this year through November, and up more than eightfold from its March low.

Carvana reported its third-quarter earnings after the market closed on Oct. 29. After the stock declined the following day -- the last trading day of October -- investors have since apparently warmed up to the company's earnings report.

Source Fool.com

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