Carvana Stock Has Gained 1,000%. This Is What’s Going On.

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  • Carvana Stock Has Gained 1,000%. This Is What’s Going On.

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…

Continue reading this news update.

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