Shares of Carvana (NYSE: CVNA) were moving higher again today as an ongoing short squeeze seemed to lift shares of the beaten-down online used car dealer for the second day in a row.

As of 10:22 a.m. ET, Carvana stock was up 26.8% on high-volume trading, following a 19.5% gain last Friday.

Even before the first hour of trading was through this morning, more than 30 million Carvana shares had changed hands, above the average daily volume of 24 million over the last three months.

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Source Fool.com