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Why Carvana Stock Rose 29% Last Month

TheMotleyFool

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Shares of Carvana (NYSE: CVNA) were climbing last month as a series of bullish analyst reports, positive third-party data, and momentum from the recovery pushed the online used car dealer higher. According to data from S&P Global Market Intelligence, the stock finished June up 29%.

As you can see from the chart below, the stock's gains were uneven, but it still finished sharply higher.