Shares of
Carvana
were on fire, up again today after the online seller of used cars turned in higher earnings than expected. The stock started the year at less than $5 and now costs more than $55, giving investors reason to wonder what’s going on, and whether it can last.
Carvana (ticker: CVNA) shares closed 40% higher at $55.80 on Wednesday, while the
S&P 500
and
Nasdaq Composite
eked out…
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