CVNA - Why Carvana Stock Was Moving Higher Today
2023-05-30 12:56:18 ET
Shares of Carvana (NYSE: CVNA) were gaining today as the stock seemed to respond along with other growth stocks to a deal to raise the debt ceiling. Carvana also launched a new national ad campaign over the weekend, showing the company beginning to invest in its growth after sharply cutting back on spending to cut its losses.
The stock was up 8.9% as of 11:34 a.m. ET.
Carvana said yesterday it was launching a new national ad campaign, focusing on five-star reviews from happy customers, a move that shows the company is going on offense again after cutting back on spending to improve its bottom line.
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Why Carvana Stock Was Moving Higher Today