Why Carvana Stock Got a Jump-Start Today
Shares of the online car-selling platform Carvana (NYSE: CVNA) were rising this morning after a Citi analyst initiated coverage of the stock yesterday.
The analyst believes that demand for online car shopping will continue to grow and that Carvana could benefit as it does. As a result, Carvana's shares were up by 9.9% as of 10:50 a.m. ET.
Citi analyst Ronald Josey started coverage of Carvana with a neutral rating and a price target of $5.50.
Source Fool.com
