Business
from24/7 Wall St.
1 week agoIs Carvana (CVNA) Actually In Trouble?
Carvana posted record Q3 revenue of $5.6 billion with 155,941 retail units sold, but missed EPS expectations amid rising delinquencies and operational costs.
The stock trades at $350.74 per share, fueled by a rebound in used-car demand, cost-cutting measures, and record-breaking second-quarter results with $4.84 billion in revenue and GAAP operating income of $511 million - up over 100% from the year-ago period.