Why Carvana Stock Was Surging Again This Week
Shares of Carvana (NYSE: CVNA) were revving higher again this week after the momentum from last week's strong second-quarter guidance continued. The stock rose even in the face of an attack from short-seller Kerrisdale Capital, and an extended short squeeze also pushed it higher.
As of 1:35 p.m. ET, the stock was up 41% for the week, according to data from S&P Global Market Intelligence.
The biggest news out on the stock last week, ironically, was the short-seller hit from Kerrisdale Capital.
Source Fool.com
Carvana Co. Stock
€125.46
2.580%
Based on 7 Buy predictions and 6 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 41 € is below the current price of 125.46 € for Carvana Co., so the potential is actually -67.32%.
