Why Carvana Stock Motored Higher on Monday
It isn't every day that a stock gets to be a component of a hallowed equity index. On news Monday that auto retailer (NYSE: CVNA) had achieved such a distinction, investors eagerly traded its shares up by more than 12% that trading session.
On Friday after market hours, news hit the headlines that Carvana had been selected to join the bellwether S 500 index. This was one of a series of adjustments made to that index and others on a quarterly basis by S Dow Jones Indices, the company that manages the index.
Source Fool.com
Carvana Co. Stock
€398.10
3.090%
With 55 Buy predictions and not a single Sell prediction Carvana Co. is an absolute favorite of our community.
However, we have a potential of -2.29% for Carvana Co. as the target price of 389 € is below the current price of 398.1 €.
