Carvana: Turnaround Is Complete, 2025 Looks Exciting
Portfolio Pulse from
Carvana Co. has experienced a significant turnaround, with shares surging ~85% since September due to strong Q3 earnings and a successful recovery from 2021 lows. The company's innovative digital platform and customer-centric features have contributed to its market share growth in the $1 trillion used car industry.
November 13, 2024 | 6:30 pm
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Carvana Co. shares have surged ~85% since September, driven by strong Q3 earnings and a successful turnaround. The company's digital platform and customer-centric features are key to its growth in the used car market.
Carvana's Q3 earnings exceeded expectations with an EPS of $1.14 and $3.66 billion in revenue, indicating a strong financial performance. The company's innovative digital platform and customer-centric features have been pivotal in its market share growth, leading to a significant increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100