Carvana (CVNA) concluded the recent trading session at $126.60, signifying a -1.54% move from its prior day's close.
High-beta growth stocks have the potential to surprise investors. Exactly a year before, Carvana (NYSE:CVNA) stock was trading at $23.5. The stock has surged by 367% and trades in triple digits. This column focuses on three growth stocks under $20 to buy that are likely to trade above $100 in the next 36 months. Considering the rally in CVNA stock, my upside estimate is conservative. An important point is that meme stocks have a sharp rally that can follow an equally sharp correction. However, t
Boding well for the U.S. auto sector, the space’s new vehicle sales jumped 8.8% last month versus April to 1.44 million. The figure also represented a 5% increase versus the same period a year earlier. And for the first five months of the year, sales climbed 3/5% compared with 2023. Meanwhile, the fact that inflation was flat last month, spurring a decline in interest rates, was very positive for the sector. Not only will easing inflation increase Americans’ spending power when they buy vehicles