Why Auto Stocks Popped (And Then Dropped) This Week
The auto market has had a wild week as investors poured into, and then out of, EV stocks and high-risk names.
The three notable moves were Quantumscape (NYSE: QS), (NYSE: CVNA), and Fisker (NYSE: FSR), which all jumped double digits at some point this week. According to data provided by S&P Global Market Intelligence, Quantumscape was up as much as 18% this week, Carvana popped 40.2%, and Fisker rose 12.5%.
But the highs didn't stick for these stocks. At 2:00 p.m. ET, shares of the companies were up 11.2%, 26.6%, and 1.3% respectively for the week on Friday afternoon.
Source Fool.com
Carvana Co. Stock
€130.14
-0.570%
Currently there is a rather positive sentiment for Carvana Co. with 9 Buy predictions and 6 Sell predictions.
As a result the target price of 139 € shows a slightly positive potential of 6.81% compared to the current price of 130.14 € for Carvana Co..
