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Why Carvana Stock Was Creeping Higher Today
CVNACarvana (CVNA) The Motley Fool·2025-01-07 17:03

Shares of Carvana (CVNA 4.50%) were climbing for the second day in a row today after Wall Street analysts continued to line up behind the stock after a short-seller attacked it last week.As a result, the online used car dealer stock was up 7% as of 11:02 a.m. ET. Carvana bounces backLast week, short-seller Hindenburg Research attacked the company, saying that Carvana had undisclosed related-party transactions and that the stock was grossly overvalued. It called the stock's recovery "a mirage." After the sto ...