Carvana Stock Is Cruising: What's Going On?

Carvana Co. CVNA shares are cruising over 10% higher on Tuesday continuing the stock's recent upward momentum.

What To Know:

Shares of CVNA have gained more than 55% over the past month and more than 360% in the past three months. According to Benzinga Pro, Carvana shares have a 52-week low of $3.55 and a 52-week high of $58.01.

In spite of the stock's recent climb, short sellers have shown remarkable interest in Carvana's stock. According to data from Benzinga Pro, 59.7% of available CVNA shares are currently being sold short.

Carvana will report its second quarter financial results after the close of markets on August 3 and will hold a conference call to discuss the results at 5:30 p.m. ET the same day.

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CVNA Price Action: According to Benzinga Pro, shares of Carvana are trading 10.7% higher at $40.42 at the time of publication.

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