What's Going On With Carvana (CVNA) Shares Today
Portfolio Pulse from Henry Khederian
Carvana (CVNA) shares are trading lower by 8.87% to $22.08 amid profit-taking after the stock gained on Thursday. The company announced an enhanced second-quarter 2023 outlook, anticipating profits surpassing $50 million and adjusted gross profit per unit surpassing $6,000.
June 09, 2023 | 3:34 pm
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Carvana shares are down 8.87% to $22.08 after the company announced an enhanced Q2 2023 outlook, with profits surpassing $50 million and adjusted gross profit per unit surpassing $6,000.
Carvana's stock price is down due to profit-taking after the stock gained on Thursday following the announcement of an enhanced Q2 2023 outlook. Investors are likely cashing in on the recent gains, causing the stock price to drop in the short term.
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