Carvana's Stock Hits New 52-Week High: What's Going On?
Portfolio Pulse from Erica Kollmann
Carvana Co. (NYSE:CVNA) shares hit a new 52-week high, driven by strong financial results and positive growth outlook. The company reported its best financial results in history for Q1 and expects further growth in Q2. Analysts have mixed ratings with an average 12-month price target of $105.53.
June 26, 2024 | 5:59 pm
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Carvana's stock hit a new 52-week high due to strong Q1 financial results and positive growth outlook for Q2. Analysts have mixed ratings with an average price target of $105.53.
Carvana's stock performance is driven by its best financial results in history for Q1 and a positive outlook for Q2. The stock has gained over 500% in the past year, indicating strong investor confidence. However, analysts have mixed ratings, suggesting potential volatility.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100