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Carvana Co.’s stock rose by as much as 16% on Wednesday, trading as high as $5.59 and looking poised to snap a two-session losing streak.
Gains moderated in recent trading and Carvana stock CVNA is up about 7%. A close around recent levels would be Carvana’s highest since Dec. 6, when it closed at $6.71.
Concerns have surfaced about Carvana’s…
