Carvana Reaffirms Q2 Outlook, Expects Sequential Increase In Year-Over-Year Growth Rate In Retail Units And Adjusted EBITDA
Portfolio Pulse from Benzinga Newsdesk
Carvana has reaffirmed its Q2 outlook, expecting a sequential increase in year-over-year growth rate in retail units and adjusted EBITDA, as per its 8k filing.
June 06, 2024 | 12:19 pm
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Carvana has reaffirmed its Q2 outlook, expecting a sequential increase in year-over-year growth rate in retail units and adjusted EBITDA. This positive outlook could boost investor confidence and potentially drive the stock price up in the short term.
The reaffirmation of a positive Q2 outlook, including expectations of increased growth in retail units and adjusted EBITDA, is likely to boost investor confidence. This could lead to a short-term increase in Carvana's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100