Why Carvana Stock Soared This Week
Shares of Carvana (NYSE: CVNA) were revving up once again this week, primarily on news that management now forecasts that the struggling online used car dealer's second-quarter adjusted earnings will come in above the analysts' consensus expectation.
For the week through 2 p.m. ET on Thursday, the stock was up 40.6%, according to data from S&P Global Market Intelligence.
Source Fool.com