Why Is Carvana (CVNA) Stock Up 36% Today?
Carvana (CVNA) InvestorPlace·2024-05-02 20:14
Carvana (NYSE:CVNA) stock is rocketing higher on Thursday after the used-car retailer posted its earnings report for the first quarter of 2024. Carvana starts its report strong with adjusted earnings per share of 23 cents. That’s a surprise profit compared to Wall Street’s estimate of -74 cents per share. It’s also a major improvement over its Q1 2023 EPS of -74 cents. Revenue coming in at 2.69 billion for the quarter ...