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
€113.06
2.820%
Our community is currently low on Carvana Co. with 3 Buy predictions and 7 Sell predictions.
A target price of 33 € results in a potential of -70.81% which would mean heavy losses compared to the current price of 113.06 € for Carvana Co..
