Previous close | 192.05 |
Open | 192.05 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 290.00 |
Expiry date | 2024-01-19 |
Day's range | 192.05 - 192.05 |
Contract range | N/A |
Volume | |
Open interest | N/A |
One of the best-performing stocks in 2023 has been struggling used car marketplace Carvana (NYSE: CVNA). After a tumultuous year for Carvana in 2022, investors have quickly bid the stock up, but it still remains 88% off its peak price. One of the catalysts that has propelled Carvana shares this year was the news that the management team negotiated new terms with its debt holders.
Carvana (CVNA) closed the most recent trading day at $42.90, moving -1.85% from the previous trading session.
It has been a wacky week for Carvana (NYSE: CVNA) as shares of the online used car dealer pulled back in spite of an analyst upgrade and initial optimism about the United Auto Workers (UAW) strike, which has affected production at some plants owned by General Motors, Ford, and Chrysler-parent Stellantis. The initial thinking was that by reducing production, the strike would lead to higher used car prices since there's less competition from new car supplies. Most buyers finance their used car purchases, and higher rates mean higher payments, making used cars less affordable.