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Why Carvana Stock Is Rocking Today

TheMotleyFool

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Shares of the original car vending machine company, Carvana (NYSE: CVNA), put the pedal to the metal this morning, racing ahead 7% through 11:55 a.m. ET.

You can thank Citigroup for that.

In a note out this morning, investment banker Citigroup announced it is doubling its target price on Carvana stock, from $5.50 per share to $11 -- but not shifting its recommendation even a single gear, leaving Carvana instead in "neutral."

Source Fool.com

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