Why Carvana Spiked Today
Shares of online used car dealer (NYSE: CVNA) spiked on Thursday, rising about 12% as of 1 p.m. ET.
Carvana is a controversial stock with very high short interest, which can make for outsized moves both to the upside and downside, even at only mildly impactful news.
That appears to be happening today, as a few indirect news items around August retail sales and a looming United Auto Workers union strike may be causing shorts to cover.
Source Fool.com
Carvana Co. Stock
€138.54
12.490%
Based on 7 Buy predictions and 6 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 41 € is below the current price of 138.54 € for Carvana Co., so the potential is actually -70.41%.
