Why Carvana Jumped 35% in November

Shares of Carvana (NYSE: CVNA) jumped 35% in November, according to data from S&P Global Market Intelligence. That move sent the online retailer of used cars from $185 per share to $250 per share during the month.

Carvana shares have been on a tear in 2020. The stock is up 172% this year through November, and up more than eightfold from its March low. 

Carvana reported its third-quarter earnings after the market closed on Oct. 29. After the stock declined the following day -- the last trading day of October -- investors have since apparently warmed up to the company's earnings report.

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Source Fool.com