Carvana stock surges 30% in after-hours; Here's why
CVNACarvana (CVNA) Finbold·2024-05-02 16:32

Carvana (NYSE: CVNA) turned the tide on its recent challenges. Previously, it grappled with declining sold vehicles and a surplus of used cars, raising concerns about potential bankruptcy in 2022. However, restructuring and strategic adjustments have paid off. In Q1, Carvana avoided losses and turned a profit, surprising investors. This success was reflected in a remarkable 32.54% surge in CVNA stock during the premarket, propelling Carvana shares from 87.09to87.09 to 116.15 valuation following the release of it ...