Why Carvana Stock Is Volatile Today

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. 

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Source Fool.com