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Why Carvana Stock Jumped Higher This Week


Shares of the online car-buying company (NYSE: CVNA) surged higher this week after the company reported first-quarter results that were better than expected, and as the company said it would adapt to any potential effects from tariffs.

Carvana's stock was up by 8.2% this week, according to data compiled by S&P Global Market Intelligence.

Image source: Getty Images.

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Source Fool.com

Carvana Co. Stock

€61.27
3.140%
A very strong showing by Carvana Co. today, with an increase of €1.86 (3.140%) compared to yesterday's price.
The stock is an absolute favorite of our community with 57 Buy predictions and no Sell predictions.
With a target price of 398 € there is potential for a 549.58% increase which would mean more than doubling the current price of 61.27 € for Carvana Co..
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