Why Carvana Stock Was Surging Today
Shares of (NYSE: CVNA) were surging on Monday, up 8.8% as of 1:45 p.m. ET, and climbing as high as 10.3% during the day. The stock is trading at around $45 per share and is up some 847% year to date.
The markets were trending higher on Monday, as the S 500 was up 23 points (0.5%), the Dow Jones Industrial Average jumped 203 points (0.6%), and the Nasdaq Composite rose 92 points (0.7%) as of 1:45 p.m. ET.
Online car dealer Carvana announced via press release that a bill it had championed in Illinois permitting vehicle home delivery for car buyers became law. The measure passed in the Illinois Senate 57-0 and in the Illinois House 113-0, and was signed into law by Gov. J.B. Pritzker.
Source Fool.com
Carvana Co. Stock
€54.09
0.750%
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 635.81% increase which would mean more than doubling the current price of 54.09 € for Carvana Co..
