Carvana Stock (CVNA) Jumps Toward Highs as Analysts Cheer, Amazon Advances, and Lending Risks Draw Fire
Carvana shares closed near $374.50 on November 28, up almost 5% and close to their all-time high. The company posted record Q3 revenue of $5.65 billion and net income of $263 million. Analysts at Wedbush upgraded the stock, while Amazon’s push into used cars and scrutiny of Carvana’s lending practices fueled volatility. Chief Brand Officer Ryan Keeton sold 10,000 shares for $3.5 million.