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Carvana Stock Soars 26% in a Month: Is the Momentum Real or Just Hype?
ZACKS· 2025-05-27 22:05
Carvana (CVNA) is on a roll in the stock market. The used car e-retailer, known for its towering car vending machines and fully online sales model, is benefiting from favourable used auto market dynamics and improving unit economics thanks to cost containment measures.After a whopping 280% surge last year, the stock is up 50% so far this year. Just over the past month, shares of Carvana were up 26%, outperforming close peers like Sonic Automotive (SAH) and Lithia Motors (LAD) . Shares of Sonic Automotive an ...