What's Going On With Carvana Stock Today?

Carvana Co. CVNA shares are trading lower Wednesday, pulling back from recent strength.
 

What To Know: The pullback in Carvana shares follows recent gains for the stock. On Monday, shares of the company traded higher by nearly 8% after S&P Global upgraded its rating to 'CCC+' From 'D.' Shares were volatile Tuesday before finally pulling back on Wednesday.

Carvana stock is up an astounding 929.37% year-to-date. However, it is also worth noting that the stock has elevated short interest with 45.45% of shares currently sold short.

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CVNA Price Action: Shares of CVNA were down 3.62% at $48.96 at the time of publication, according to Benzinga Pro.

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