Carvana stock is also getting a lift thanks to bullish coverage from Piper Sandler. Piper thinks that Carvana could actually wind up benefiting from some conditions created by the trade war.

Carvana (NYSE: CVNA) has been a polarizing stock in the past. It went from winning over investors in remarkable fashion to seeing its share price nosedive to now trending back in the right direction.

Automobile reseller Carvana (CVNA) saw its stock jump more than 5% of Wednesday as businesses and stocks anticipate the announcement of the Trump administration’s tariff plans this afternoon.

Carvana's stock price has declined ~6% YTD after a strong gain earlier in the year, mainly due to market concerns over tariffs and high valuations. Despite a negative market reaction, Carvana's ...

This compares to the stock's 37.5% loss over the past four weeks. Carvana surged yesterday as Piper Sandler upgrade its rating on the stock, boosting investor confidence. Bank of America also ...

Carvana (NYSE: CVNA) 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%.