Why Carvana Stock Soared This Week
Shares of Carvana (NYSE: CVNA) were revving up once again this week, primarily on news that management now forecasts that the struggling online used car dealer's second-quarter adjusted earnings will come in above the analysts' consensus expectation.
For the week through 2 p.m. ET on Thursday, the stock was up 40.6%, according to data from S&P Global Market Intelligence.
Image source: Carvana.
Source Fool.com
Carvana Co. Stock
€54.09
0.750%
With 57 Buy predictions and not a single Sell prediction Carvana Co. is an absolute favorite of our community.
Based on the current price of 54.09 € the target price of 398 € shows a potential of 635.81% for Carvana Co. which would more than double the current price.
