Why Carvana Stock Popped, Then Retreated Today
Shares of the online car-selling company Carvana (NYSE: CVNA) spiked this morning following a positive note from an analyst. JMP Securities analyst Nicholas Jones resumed coverage of the company and put a $35 price target on its stock. Jones said in an investor note that Carvana has enough cash and a strong value proposition and that despite recent negative press the company still has lots to offer automotive consumers -- including a large selection and positive buying experience -- according to The Fly.
