Shares of used-car dealer Carvana jumped after it handily beat expectations for both revenue and earnings per share, while ...

Once fully scaled, it could help Carvana boost its annual reconditioning capacity to 3 million units — more than double today’s level. If there’s one concern, it’s the balance sheet.

The adjustment in the investment firm's outlook is attributed to valuation concerns rather than the impending fourth-quarter results for 2023, which are due to be reported on Thursday, February 22nd.

Carvana shares ended down 2.1 percent at $64.37 in New York on Thursday, the lowest close since close April 2020.

At the company's current share price of $67, Carvana trades at a market cap of $9.7 billion - nearly five times the $2 billion valuation that Carvana notched two years ago in its IPO.

Nov. 22, 2022 8:07 AM ET Carvana Co. (CVNA) Stock By: SA News Team 6 Comments Joe Raedle ...

In response, CVNA is down 4.3% to trade at $127.20. Carvana stock has already shed 42.6% this year, with overhead pressure at the 60-day moving average keeping a lid on its late-March rally attempt.

Carvana (NYSE:CVNA), a popular online used car retailer, is continuing to attract Wall Street analysts who see more upside for the company based on its improving operating performance, even on the ...