As of the time of this report, the stock has risen over 6%, trading at 201.49 dollars.
According to Zhitong Finance APP, on Tuesday, the stock price of the USA used car e-commerce platform Carvana (CVNA.US) rose; at the time of writing, the stock had increased by over 6%, reaching $201.49. The Royal Bank of Canada (RBC) upgraded the company's rating, stating that the recent pullback provides a bottom-fishing opportunity. This is the first rating upgrade received since the short sellers targeted the company recently. Analysts Brad Erickson and Khadijah Gibson from the bank upgraded the stock's rating to 'Buy' and raised its Target Price from $270 to $280.
