Carvana stock jumps after earnings surprise to upside

) stock shot up as much as 12% on Friday after the online used car platform reported a surprise adjusted profit last quarter, even as the number of units sold declined year-over-year.

FILE - A Carvana car retail"vending machine" and vehicle parking lot are seen from a drone in South Fayette, Pa., on March 15, 2021. Shares of the upstart used-vehicle chain tumbled another 16% on Monday, Nov. 7, 2022, undercut by the company's struggles with falling prices and waning demand for its products. Analysts at DA Davison maintained a Neutral rating on the stock and lowered their price target to $35 from $60, citing lower unit sales compared to last year.

"I do think over the last four weeks and given all the data sources that we have...it looks like things have probably been a bit softer," CEO Ernie Garcia told analysts during the company's earnings call on Thursday afternoon.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stock market today: Wall Street rallies on hopes that the Fed’s rate hikes are doneNEW YORK (AP) — U.S. stocks rallied after the Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy. The S&P 500 rose 1.1% Wednesday. The Dow gained 221 points, and the Nasdaq composite jumped 1.
ソース: SooToday - 🏆 8. / 85 続きを読む »

Stock market today: Wall Street adds to weekly gains after cooler-than-expected jobs reportNEW YORK (AP) — Wall Street’s best week this year is getting even better following a cooler-than-expected report on the job market. The S&P 500 was up 0.5% higher in early trading Friday.
ソース: SooToday - 🏆 8. / 85 続きを読む »