Carvana shares are trading higher after the company issued updates to its Q3 2023 outlook, including increasing adjusted EBITDA outlook by over $75 million.
Portfolio Pulse from Benzinga Newsdesk
Carvana has updated its Q3 2023 outlook, increasing its adjusted EBITDA outlook by over $75 million. This has led to a rise in the company's share prices.
August 09, 2023 | 12:54 pm
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Carvana's updated Q3 2023 outlook, which includes an increase in adjusted EBITDA by over $75 million, has led to a rise in its share prices.
The increase in Carvana's adjusted EBITDA outlook for Q3 2023 indicates a positive financial performance, which has led to a rise in its share prices. Investors are likely to view this as a positive sign, leading to increased demand for the company's shares and a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100