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Carvana (CVNA) puts up a solid first-quarter show, registering a record adjusted EBITDA margin of 7.7%. It expects a year-over-year increase in its retail sales units and adjusted EBITDA in 2024.
Carvana NYSE: CVNA is a renowned online used car retailer known for its innovative approach to car buying. Carvana's earnings report for the first quarter of 2024 has recently been released, and the report has defied Carvana's analyst community expectations.
With the recent impressive surge in the price of shares of online used-car dealer Carvana (NYSE: CVNA) after the release of a better-than-expect Q1 earnings report, their short sellers have accumulated face-melting losses, with figures nearing $4 billion in one year.
A year ago, shares of Carvana traded below $7. Today, the stock popped to the highest point since 2022.
For those looking for short-squeeze stocks to buy, I would first like to let you know a few key things. These are the types of stocks that retail investors chase for big-time returns, and while it is up to you to decide what you do with your money, I would still warn that steering clear of companies that have very high dilution and cash burn is usually the smart move.
Scott Nations, Nations Indexes president, joins 'Power Lunch' to discuss stock plays for three stocks, including Carvana, Qualcomm and MetLife.
Wall Street lavished praise on Carvana Co.'s “epic turnaround” on Thursday following a surprise quarterly profit for the used-car retailer, which not too long ago had skirted close to bankruptcy.
Shares of Carvana (CVNA) skyrocketed after the online used car retailer issued an upbeat outlook for the current quarter and had its best financial results ever as it made more money per sale and cut costs.
Carvana beat on sales and reported a surprise profit last night. Its profit only came about due to an accounting quirk.
As Carvana Co.'s stock soared 35% on Thursday after the used-car retailer swung to a surprise profit, investors were also snapping up the company's high-yield bonds, which were seeing net buying after the news.