Carvana Defies The Odds With 217% YTD Rally: Is The Comeback Story Real?
CVNACarvana (CVNA) Benzinga·2024-08-23 02:10

Online used car retailer Carvana Co CVNA has been one of the top performing stocks in 2024 with shares up 217% year-to-date and new 52-week highs hit after second-quarter financial results.The company was nearly left for dead by investors over the last two years before taking on a strategic turnaround that has rewarded patient or timely investors.What Happened: Carvana reported second-quarter revenue of $3.41 billion and earnings of 14 cents per share, with both figures beating estimates from analysts and l ...