Why Carvana Stock Was Surging Today
Shares of (NYSE: CVNA) were surging on Monday, up 8.8% as of 1:45 p.m. ET, and climbing as high as 10.3% during the day. The stock is trading at around $45 per share and is up some 847% year to date.
The markets were trending higher on Monday, as the S 500 was up 23 points (0.5%), the Dow Jones Industrial Average jumped 203 points (0.6%), and the Nasdaq Composite rose 92 points (0.7%) as of 1:45 p.m. ET.
Online car dealer Carvana announced via press release that a bill it had championed in Illinois permitting vehicle home delivery for car buyers became law. The measure passed in the Illinois Senate 57-0 and in the Illinois House 113-0, and was signed into law by Gov. J.B. Pritzker.
Source Fool.com
Carvana Co. Stock
€134.00
-1.170%
Currently there is a rather positive sentiment for Carvana Co. with 9 Buy predictions and 6 Sell predictions.
As a result the target price of 139 € shows a slightly positive potential of 3.73% compared to the current price of 134.0 € for Carvana Co..
