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Why Carvana Stock Is Surging Today

Why Carvana Stock Is Surging Today

Shares of Carvana (NYSE: CVNA) were skyrocketing this morning as investors rekindled some of their optimism for stocks, in general, today. Comments made by a Federal Reserve official about potentially raising the federal funds rate too quickly to fight inflation may be the reason Carvana investors are pouring back into the stock. Carvana's share price was up by 5.7% as of 11:32 a.m. ET.