CVNA Stock Recent News
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Since the close of trading last Friday, shares of the online used-car retailer Carvana (CVNA -4.84%) had surged roughly 11.4%, as of 10:26 a.m. ET today. The company reported strong second-quarter earnings this week and received several price target increases from Wall Street analysts.
The period is undoubtedly hectic for market participants, with companies finally revealing what's transpired behind closed doors.
Two years ago, Carvana Co CVNA looked totaled. After peaking at $376.83 in August 2021, the stock nosedived to just $3.55 by December 2022—a jaw-dropping 99% collapse that had bankruptcy alarms blaring.
The S&P 500 and Nasdaq traded at record highs at midday, boosted by tech earnings news. The Dow Jones Industrial Average was little changed.
CVNA surges past Q2 estimates with 42% revenue growth and record deliveries, driving profit and margin gains.
Carvana's “convenience factor” is only going to grow, and the stock is zooming to a record on Thursday.
Carvana (CVNA 16.84%) continues to wow the market as shares of the leading online used car seller jumped after it delivered a strong profit in its second-quarter earnings report.
Carvana posts record second-quarter results with surging profits and unit sales, but its lofty valuation raises concern.
Carvana Co CVNA shares rallied in early trading on Thursday, after the company reported on Wednesday positive second-quarter earnings.
Shares of Carvana (CVNA) skyrocketed to an all-time high Thursday when the used car retailer beat earnings and revenue expectations as it sold more retail and wholesale vehicles.