Why Carvana Stock Was Surging Again This Week
Shares of Carvana (NYSE: CVNA) were revving higher again this week after the momentum from last week's strong second-quarter guidance continued. The stock rose even in the face of an attack from short-seller Kerrisdale Capital, and an extended short squeeze also pushed it higher.
As of 1:35 p.m. ET, the stock was up 41% for the week, according to data from S&P Global Market Intelligence.
The biggest news out on the stock last week, ironically, was the short-seller hit from Kerrisdale Capital.
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.
