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Why Carvana Stock Jumped Higher This Week


Shares of the online car-buying company (NYSE: CVNA) surged higher this week after the company reported first-quarter results that were better than expected, and as the company said it would adapt to any potential effects from tariffs.

Carvana's stock was up by 8.2% this week, according to data compiled by S&P Global Market Intelligence.

Image source: Getty Images.

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Source Fool.com

Carvana Co. Stock

€304.95
3.760%
Carvana Co. dominated the market today, gaining €11.05 (3.760%).
With 47 Buy predictions and 1 Sell predictions Carvana Co. is one of the favorites of our community.
However, we have a potential of -1.3% for Carvana Co. as the target price of 301 € is below the current price of 304.95 €.
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