The Squeeze Is On For Carvana Stock Prices
Carvana (NASDAQ:CVNA) has struggled to regain business and stock price traction for the last year. The stock price has suffered from significant short-selling with short interest over 50% of the float. That’s a ridiculously high figure and a primary reason the stock is up 42% in pre-market action. Key Points Carvana outperformed in Q2 and guided Q3 above consensus.The company also announced debt restructuring that will save nearly $1 billion over 2 years.Shares are up double-digits on a short squeeze, but a sustained rally may not come until later in the year.5 stocks we like better than Carva...