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Benzinga
Benzinga
Business
Chandrima Sanyal

Carvana's Breakout Fuels Interest In Consumer & E-Commerce ETFs

Carvana ETF CVNA
Carvana

Carvana (NYSE:CVNA) is back in top gear, and digital retail and consumer discretionary ETFs are along for the ride.

The stock broke out of its trading range recently. It spiked almost 18% in late July to its highest levels since 2021, following record-breaking Q2 earnings. It has traded up more than 80% year-to-date.

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