Why Carvana Stock Jumped Today
Shares of Carvana (NYSE: CVNA) were moving higher today after one analyst raised his price target on the online used car company, and Carvana benefited from a lower-than-expected inflation report, which will help keep interest rates from going higher.
As a result, the stock was up 10.4% as of 3:32 p.m. ET.
JMP Securities analyst Nicholas Jones raised his price target on Carvana from $25 to $50 and maintained an outperform rating on the stock, arguing that the company has significant potential to benefit from multiple expansions as it moves toward profitability.
Source Fool.com
Carvana Co. Stock
€120.56
0.840%
Currently there is a rather negative sentiment for Carvana Co. with 5 Buy predictions and 12 Sell predictions..
This results in a negative potential of -25.35% based on a current price of 120.56 € and a target price of 90 € for the stock.
