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
€108.30
0.240%
Currently there is a rather negative sentiment for Carvana Co. with 3 Buy predictions and 7 Sell predictions..
The target price of 33 € compared with the current price of 108.3 € for the stock indicates a negative potential of -69.53%.
