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Why Carvana Stock Was Rallying Again Today

Why Carvana Stock Was Rallying Again Today

Shares of online used car dealer Carvana (NYSE: CVNA) were jumping double digits for the second time this week. This time the catalyst was a credit rating upgrade by S&P Global on some Carvana-sponsored securitizations. As a result, Carvana stock was up 18.3% as of noon ET.