What's Going On With Carvana Stock?
Portfolio Pulse from Adam Eckert
Carvana Co (NASDAQ:CVNA) shares are trading lower after the company moved its earnings report date to this week. The stock has rallied nearly 70% over the last month and more than 730% since the start of the year, largely due to better-than-expected financial results and a positive EBITDA guidance for Q2. However, the abrupt change in earnings report date seems to have negatively impacted the stock.
July 18, 2023 | 8:48 pm
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Carvana's stock is trading lower due to an abrupt change in its earnings report date. The stock had seen a significant rally due to positive financial results.
Carvana's stock has been performing well due to positive financial results and a positive EBITDA guidance for Q2. However, the sudden change in the earnings report date seems to have caused uncertainty among investors, leading to a drop in the stock price.
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