Carvana Skyrockets 38% on Improved Earnings and Optimistic Guidance, But It’s Still Not Time to Buy

By |2024-02-23T17:54:57+00:00February 23rd, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , |

Carvana (CVNA) jumped 38% Friday morning after the online car retailer delivered a pleasant surprise in its Q4 earnings. While the company is still losing money, it’s slowly but surely becoming more profitable - and there’s reason to be optimistic about the road ahead. The company reported revenue of $2.4 billion, falling just shy [...]