Shares of the online used-car retailer reached an intraday high of $67.41 on Wednesday. That’s still shy of the 52-week intraday high of $72.59 set in September, but Carvana stock has more than doubled in 2019 through Wednesday’s close at $66.54.
The surge has benefited Carvana shareholders, including former Vice President Dan Quayle, who has been a director of the company since Carvana went public in 2017. He now owns Carvana options and restricted stock units worth $2.22 million as of Wednesday’s close. Editor's Choice var mobBreakpoint=661; addMobClassToRelatedInset; whenAvailable { $.resize { addMobClassToRelatedInset; }); function defer { if !==null) { method; } else { setTimeout { defer }, 100); } } defer { var curr_article_SBID=document.querySelector.getAttribute; var inputs=document.getElementsByClassName; for ) { targetEl.classList.remove; } }; function getWidth { var width=0; var w=window, d=document, e=d.documentElement, g=d.getElementsByTagName[0], x=w.innerWidth || e.
Carvana didn’t immediately respond to a request to make Quayle available for comment. Private-equity firm Cerberus Capital Management, of which Quayle is chairman of the global investment division, didn’t immediately respond to a request to make him available for comment.
Why is this a story?
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »