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Why Carvana Stock Was Moving Higher Today

TheMotleyFool 
0 0 30.05.23
Why Carvana Stock Was Moving Higher Today
 

Shares of Carvana (NYSE: CVNA) were gaining today as the stock seemed to respond along with other growth stocks to a deal to raise the debt ceiling. Carvana also launched a new national ad campaign over the weekend, showing the company beginning to invest in its growth after sharply cutting back on spending to cut its losses.

The stock was up 8.9% as of 11:34 a.m. ET. 

Carvana said yesterday it was launching a new national ad campaign, focusing on five-star reviews from happy customers, a move that shows the company is going on offense again after cutting back on spending to improve its bottom line.

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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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