Why Carvana Stock Skyrocketed Again Today
Shares of Carvana (NYSE: CVNA) were surging for the second session in a row as a short squeeze in the aftermath of last Thursday's earnings report seemed to carry the stock higher again.
Carvana stock closed up 26.1% on Monday, building on momentum from last Friday.
Carvana, the online used car dealer whose stock crashed last year on bankruptcy concerns, impressed investors in its first-quarter earnings report as the company took meaningful cost-cutting steps and showed a path to profitability, though it's still operating at a loss.
Source Fool.com
Carvana Co. Stock
€119.56
1.490%
Based on 7 Buy predictions and 7 Sell predictions the sentiment towards Carvana Co. is rather balanced.
A target price of 41 € results in a potential of -65.71% which would mean heavy losses compared to the current price of 119.56 € for Carvana Co..
