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Carvana reported second quarter results on Wednesday that beat revenue and profit expectations, as record retail unit sales pushed the online used-car retailer to its most profitable quarter ever. But the stock tumbled after its full-year forecast fell short of Wall Street's expectations.
Carvana stock declines with Wall Street unwilling to ‘reward’ the used-car retailer’s full-year earnings guidance.
Lucid stock collapsed by half in a single afternoon after reports surfaced that the EV maker hired turnaround specialists to weigh options that range from going private to a potential court filing, and now shareholders are left waiting to find out which path the Saudi-backed automaker actually chooses.
The Dow Jones Industrial Average fell from record highs Wednesday as markets reacted to the Federal
CarMax stock advances after the used-vehicle retailer handily tops Wall Street expectations with its first-quarter earnings.
"Show me" story CarMax in buy zone as archrival Carvana looks to disrupt auto retailing again.
Carvana (CVNA) closed Thursday, June 11, at $67.82, up less than 1% on the day and roughly 2% over the past week. The stock remains well below its 52-week high of $97.38, and Morgan Stanley just gave investors a catchy number that measures nicely against current price levels. In a research note ...
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