Why Carvana Stock Soared Today
Shares of Carvana (NYSE: CVNA) were surging today after the online used car dealer significantly narrowed its quarterly revenue in its first-quarter earnings report.
Fears of a bankruptcy had crushed the stock last year, but the first-quarter update shows management is making significant progress toward stabilizing the business.
As of 3:01 p.m. ET, the stock was up 22.9%.
Source Fool.com
Carvana Co. Stock
€55.70
2.980%
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 614.54% increase which would mean more than doubling the current price of 55.7 € for Carvana Co..
