Why Carvana Stock Rose 29% Last Month
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.
Source Fool.com