Carvana Expects Positive Adj. EBITDA In Q3
Portfolio Pulse from Benzinga Newsdesk
Carvana, an online used car retailer, has announced that it expects to report positive adjusted EBITDA for Q3.
July 19, 2023 | 10:34 am
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POSITIVE IMPACT
Carvana's announcement of expected positive adjusted EBITDA for Q3 could potentially boost investor confidence and positively impact the stock price in the short term.
Positive EBITDA is a sign of a company's profitability, which is a key factor for investors when making investment decisions. This announcement could therefore lead to increased demand for Carvana's stock, potentially driving up the price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100