Analyst: Carvana Stock a "Profitable Secular Growth Story"

Short sellers have exited their positions in recent weeks. Short interest fell 8.5% in the last two reporting periods, yet the 21.91 million shares sold short represent 20.2% of CVNA's total available float. This amounts to five days' worth of pent-up trading power, at the security's the average daily trading volume. The $160 price target is an 18.5% premium to Carvana stock's current perch, and it sits in territory not seen since February 2022. The security is already outperforming the broader market, up 2 ...