Things are hopping in the used-car market. Demand is soaring, and so are the stocks trying to reinvent the market.
(ticker: VRM) shares are up more than 130% since coming public a few months ago, and
(CVNA) shares were up 159% for the year through Thursday. Shift.com, a venture backed online used car seller, is on target to come public through a merger into the special purpose acquisition company
(INSU) later this month.
Morgan Stanley analyst Adam Jones thinks the used-car dealer chain
(KMX) is going to get in on the online action in a big way. On