Why Carvana Stock Motored Higher on Monday
It isn't every day that a stock gets to be a component of a hallowed equity index. On news Monday that auto retailer (NYSE: CVNA) had achieved such a distinction, investors eagerly traded its shares up by more than 12% that trading session.
On Friday after market hours, news hit the headlines that Carvana had been selected to join the bellwether S 500 index. This was one of a series of adjustments made to that index and others on a quarterly basis by S Dow Jones Indices, the company that manages the index.
Source Fool.com
Carvana Co. Stock
€329.35
6.500%
The stock is an absolute favorite of our community with 60 Buy predictions and no Sell predictions.
With a target price of 390 € there is a slightly positive potential of 18.42% for Carvana Co. compared to the current price of 329.35 €.
