CVNA Stock Recent News
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Carvana's tech-driven surge and EBITDA lead challenge Asbury's stable but cost-heavy expansion in this auto retail showdown.
In the closing of the recent trading day, Carvana (CVNA) stood at $351.09, denoting a +1.49% move from the preceding trading day.
Used car prices are revving back into high gear – and dealership stocks are catching a tailwind. According to Cox Automotive, the Manheim Index, which tracks wholesale used vehicle prices, jumped 1.6% in June, marking a 6.3% year-over-year surge – the steepest increase since August 2022.
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'Mad Money' host Jim Cramer takes a closer look at Carvana stock and how to play it.
'Mad Money' host Jim Cramer takes a closer look at Carvana stock and how to play it.
Carvana (CVNA) closed the most recent trading day at $345.92, moving 3.19% from the previous trading session.
CNBC's Jim Cramer on Tuesday described why he likes online used car dealer Carvana, telling investors they can start a small position and wait for a pullback to buy more. "I like Carvana for the long-haul because I'm a true believer, but that doesn't mean the stock will charge endlessly higher without taking some detours," he said.
The meme-stock frenzy is seemingly making a comeback in 2025 as investors once again chase unprofitable companies for their latest bets.
Does Carvana (CVNA) have what it takes to be a top stock pick for momentum investors? Let's find out.