Carvana, Designer Brands, REV Group And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher on Thursday, with Carvana, Designer Brands, and REV Group among the big stocks recording gains. Carvana expects adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2. REV Group reported better-than-expected Q2 results and raised its FY23 outlook. Designer Brands surged following its Q1 results.
June 08, 2023 | 2:55 pm
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POSITIVE IMPACT
Carvana shares jumped 27% after the company announced it expects adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2.
Carvana's announcement of strong Q2 expectations, with adjusted EBITDA over $50 million and total gross profit per unit above $6,000, has led to a significant increase in its stock price. This positive news is likely to continue driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Designer Brands shares surged 16.5% following the company's first-quarter results.
Designer Brands' strong Q1 results have led to a significant increase in its stock price. This positive news is likely to continue driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
REV Group shares rose 18.4% as the company reported better-than-expected results for its second quarter and raised its FY23 outlook.
REV Group's better-than-expected Q2 results and raised FY23 outlook have led to a significant increase in its stock price. This positive news is likely to continue driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100