Why Carvana Stock Is Up Monday Afternoon

Carvana stock is surging to new heights today. What’s fueling CVNA momentum?Oil Prices Sink, Stock Futures Jump On Middle East ReliefWest Texas Intermediate crude plunged around 8% to about $90 per barrel Monday, while Brent crude fell nearly 8% to roughly $103.31. At the same time, Dow Jones futures jumped more than 800 points, the S&P 500 climbed about 1.5% and Nasdaq-100 futures rose around 1.6%, reflecting a powerful relief rally after fears of a deeper Middle East supply shock eased.Lower Fuel Costs Co ...