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Why Carvana Stock Is Bouncing Back Today

Why Carvana Stock Is Bouncing Back Today

Shares of Carvana (NYSE: CVNA) were soaring today, likely as some investors viewed the company's recent sell-off as a new buying opportunity. The investor optimism may be fueled by the fact that former U.S. Vice President and Carvana director, Dan Quayle, purchased more shares of the auto stock recently. Carvana's share price was up by 11.2% as of 1:53 p.m. ET.