Carvana Co ( (CVNA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Carvana Co’s stock is on the rise following an upgrade to ‘Buy’ by Jefferies. The upgrade is based on promising consumer survey results, capacity analysis, and the company’s ability to leverage fixed costs, all pointing to significant growth and upside potential. Jefferies highlights Carvana’s strong position to capitalize on the digital shift in the large used car market. However, despite positive earnings, there is some concern about insider sentiment due to increased insider selling, which could influence stock dynamics.
More about Carvana Co
YTD Price Performance: 89.04%
Average Trading Volume: 2,783,416
Technical Sentiment Signal: Buy
Current Market Cap: $84.5B
For further insights into CVNA stock on TipRanks’ Stock Analysis page.
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