CVNA - Why Carvana Stock Was Surging Today
2023-08-28 15:54:18 ET
Shares of Carvana (NYSE: CVNA) were surging on Monday, up 8.8% as of 1:45 p.m. ET, and climbing as high as 10.3% during the day. The stock is trading at around $45 per share and is up some 847% year to date.
The markets were trending higher on Monday, as the S&P 500 was up 23 points (0.5%), the Dow Jones Industrial Average jumped 203 points (0.6%), and the Nasdaq Composite rose 92 points (0.7%) as of 1:45 p.m. ET.
Online car dealer Carvana announced via press release that a bill it had championed in Illinois permitting vehicle home delivery for car buyers became law. The measure passed in the Illinois Senate 57-0 and in the Illinois House 113-0, and was signed into law by Gov. J.B. Pritzker.
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Why Carvana Stock Was Surging Today