Why Carvana Stock Is Soaring Today

Carvana (CVNA 7.33%) stock is surging higher Tuesday. The auto retail specialist's share price was up 9.3% as of 3:30 p.m. ET. Meanwhile, the S&P 500 was up 2%, and the Nasdaq Composite was up 2.3%.The stock market is recovering from yesterday's sell-off thanks to recent comments from U.S. Treasury Secretary Scott Bessent suggesting that the trade war between the U.S. and China could cool off in the not-too-distant future. Carvana stock is also seeing a big uptick in bullish trading thanks to positive analy ...