Why Carvana Stock Soared Today
Shares of Carvana (NYSE: CVNA) were surging today after the online used car dealer significantly narrowed its quarterly revenue in its first-quarter earnings report.
Fears of a bankruptcy had crushed the stock last year, but the first-quarter update shows management is making significant progress toward stabilizing the business.
As of 3:01 p.m. ET, the stock was up 22.9%.
Source Fool.com
Carvana Co. Stock
€119.56
1.490%
With 7 Buy predictions and 7 Sell predictions the community is currently undecided on Carvana Co..
The target price of 41 € compared with the current price of 119.56 € for the stock indicates a negative potential of -65.71%.
