Carvana Updates Q3 2023 Outlook, Including Increasing Adjusted EBITDA Outlook by Over $75M
Portfolio Pulse from Benzinga Newsdesk
Carvana has updated its Q3 2023 outlook, increasing its adjusted EBITDA outlook by over $75M. This improvement is based on fundamental progress in key business drivers and momentum early in the quarter.
August 09, 2023 | 12:12 pm
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Carvana's updated Q3 2023 outlook, which includes an increase in adjusted EBITDA by over $75M, indicates strong business performance and could positively impact its stock price.
Carvana's improved Q3 2023 outlook, particularly the significant increase in adjusted EBITDA, suggests strong business performance and profitability. This positive financial update is likely to boost investor confidence and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100