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Why Carvana Stock Climbed 18% Last Month

TheMotleyFool

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Why Carvana Stock Climbed 18% Last Month

Shares of Carvana (NYSE: CVNA) surged last month, as the high-flying disruptive car dealer overcome a disappointing earnings report and got a boost from an apparent short squeeze in the second half of the month. According to data from S&P Global Market Intelligence, the stock finished November up 18%.

The stock dipped following its Nov. 6 earnings but then gained consistently through the second half of the month.