Carvana shares are trading higher after the company said it expects to achieve adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2.
Portfolio Pulse from Benzinga Newsdesk
Carvana expects to achieve adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2, leading to a surge in its share prices.
June 08, 2023 | 12:26 pm
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Carvana's Q2 outlook of adjusted EBITDA over $50 million and total gross profit per unit above $6,000 has led to an increase in its share prices.
Carvana's announcement of a strong Q2 outlook, with adjusted EBITDA over $50 million and total gross profit per unit above $6,000, has directly led to an increase in its share prices. This positive financial performance is likely to attract more investors, driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100