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.

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Source Fool.com