Why Carvana Co. (CVNA) Skyrocketed On Tuesday?

From Yahoo Finance: 2025-04-16 09:36:00

On Tuesday, the stock market saw minimal losses due to President Trump’s tariff policies. The Dow Jones dropped by 0.38%, the S&P 500 by 0.17%, and the Nasdaq by 0.05%. However, ten companies managed to gain during the session, including Carvana Co. (CVNA). Carvana’s shares rose by 4.44% to $213.81, driven by an investment firm’s rating adjustment. Despite a price target reduction to $275 from $340, JMP Securities gave CVNA a Buy rating, citing strong revenues and improved efficiency. Additionally, CVNA plans to build a new mega-site in Arizona, creating up to 200 jobs. CVNA ranks 10th on the list of firms that ended stronger on Tuesday.



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