CVNA - Carvana's Stock Hits New 52-Week High: What's Going On? | Benzinga
Carvana Co. (NYSE:CVNA) shares notched a new 52-week high Wednesday and the stock is up more than 18% over the past month. Here's a look at what's going on.
What To Know:
Carvana provided updates on its operating plan and capital structure at the William Blair 44th Annual Growth Stock Conference in early June. The company highlighted its best financial results in company history in the first quarter and 16% year-over-year growth in retail units, driven in part by improvements in conversion and customer experience.
The company also reiterated its expectation of a sequential increase in year-over-year growth rate in retail units and a sequential increase in adjusted EBITDA in the second quarter. Carvana is set to report ...