Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Carvana Stock Is Volatile Today

TheMotleyFool

0 0

Shares of the online car seller Carvana (NYSE: CVNA) were having a volatile day Friday on seemingly no company-specific news. The stock dropped sharply early in the morning, causing trading to be temporarily halted.

But its share price then began climbing again, possibly on news of yesterday's better-than-expected inflation report. Shares resumed trading earlier in the morning and were up by 10.3% as of 2:16 p.m. ET.

Carvana's stock might be continuing its gains from yesterday as investors hope that easing inflation -- which grew at a slower pace than expected in October -- will result in a better economic environment for car buyers.

Source Fool.com

Like: 0

CVNA

Share