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Carvana Stock Soars After Earnings!

TheMotleyFool 
0 0 08.05.23
Carvana Stock Soars After Earnings!
 

(NYSE: CVNA) stock jumped higher after the company made progress in reducing inventory, raising cash, and generating more gross profit per car sale. Fool.com contributor and finance professor Parkev Tatevosian discusses whether Carvana's stock price increase was the right reaction.

*Stock prices used were the afternoon prices of May 5, 2023. The video was published on May 7, 2023.

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Source Fool.com

Carvana Co. Stock

€59.64
6.250%
A very strong showing by Carvana Co. today, with an increase of €3.51 (6.250%) compared to yesterday's price.
The stock is an absolute favorite of our community with 58 Buy predictions and no Sell predictions.
With a target price of 81 € there is a positive potential of 35.81% for Carvana Co. compared to the current price of 59.64 €.
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