Comment on Carvana stock price is soaring after the ‘best financial results in company history’

Carvana stock price is soaring after the ‘best financial results in company history’

The online used-car retailer, which was close to bankruptcy just a few years ago, enjoyed skyrocketing profit in the first quarter of 2024. Shares of Carvana Co. are going through the roof in premarket trading this morning after the online used-car retailer posted what its CEO and CFO called its “best financial results in company history.” Carvana stock (ticker: CVNA) is up over 37% in premarket trading as of the time of this writing to $119.49 per share.

 

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