Carvana (CVNA) Soars 5.3%: Is Further Upside Left in the Stock?

Carvana (CVNA) shares soared 5.3% in the last trading session to close at $185.42. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 37.5% loss over the past four weeks.Carvana surged yesterday as Piper Sandler upgrade its rating on the stock, boosting investor confidence. Bank of America also provided insights, stating that Amazon’s entry into the used-car market won’t significantly pressure Carvana. The reassurance eased concerns ...