CVNA News and Press, Carvana Co. Class A From 06/10/23

2023-06-10 18:55:00 ET The Citi quantitative team is still confident about its Oversold Strategy, despite a second stumble in returns this year. "Our systematic Oversold Strategy posted its second loss (-4%) this year in May, as the equity market is following more closely on the credit ...

2023-06-10 11:11:00 ET One e-commerce stock just blew through every Wall Street analyst target. It is now the second-best-performing stock on the market this year out of nearly 4,000 that have market caps of more than $300 million. What is this household name that has jumped more than 4...

2023-06-10 06:55:00 ET Shares of online used car seller Carvana (NYSE: CVNA) rocketed higher last week after the company updated its outlook for the second quarter. Carvana now expects to report adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ...

2023-06-09 16:34:19 ET After recording explosive gains in Thursday's trading, Carvana (NYSE: CVNA) stock lost ground in Friday's daily session. The automotive e-commerce company's share price fell 21.3% today, according to data from S&P Global Market Intelligence . Carva...

2023-06-09 14:37:00 ET Gainers: Blue Apron Holdings ( APRN ) +65% . Sientra ( SIEN ) +50% . ContraFect ( CFRX ) +43% . Global Indemnity ( GBLI ) +23% . Disc Medicine Opco ( IRON ) +21% . Olema Pharmaceuticals ( OLMA ) +...

2023-06-09 11:28:50 ET Summary Carvana's shares are recovering after a compelling Q2 presentation, but the company still faces serious financial issues, including burning cash and approaching debt maturities. The company has a three-step plan to achieve positive adjusted EBITDA, i...

2023-06-09 09:36:37 ET Summary Carvana stock exploded higher yesterday in a classic short squeeze rally. While this episode of buying can send the stock a lot higher, it's completely unsustainable. On a risk-adjusted basis, CVNA's value proposition for longs remains entirely u...

2023-06-09 05:41:35 ET Summary Carvana stock has increased by 59% in today's trading, potentially indicating the beginning of an overall comeback for the company's shares. This has occurred on the back of the company's recently increased guidance on per-unit gross profitability fo...

2023-06-08 22:16:30 ET Summary Carvana's stock has seen an overall increase of 170% since our initial coverage on May 1, 2023. CVNA stock surged due to improved profitability. Concerns about Carvana's profitability are addressed by focusing on operating metrics rather tha...

2023-06-08 16:02:54 ET Shares of heavily-shorted Carvana ( NYSE: CVNA ) rocketed over 50% higher on Thursday after offering an upbeat Q2 forecast . The beleaguered online auto seller said it now expects to achieve adjusted EBITDA above $50M in Q2 and boosted its adju...