Carvana Stock Soars As Traders Bet On Fed Rate Cut

Описание

Carvana climbed as traders priced in a near-90% probability of a Fed rate cut, a shift that would lower auto-loan APRs and expand the company’s demand base. Wedbush upgraded the stock to Outperform with a $400 target, citing expectations for more than 20% annual unit growth. Lower rates also reduce Carvana’s floorplan costs and boost premiums on its auto-loan bonds.