Carvana Co (NYSE:CVNA) shares are trading lower by 8.87% to $22.08 amid profit-taking after the stock gained on Thursday. Carvana’s stock experienced an upward surge Thursday following the company’s announcement of an enhanced second-quarter 2023 outlook, anticipating profits surpassing $50 million.
Carvana projects achieving adjusted EBITDA exceeding $50 million in the second quarter of 2023. Furthermore, the company foresees adjusted gross profit per unit surpassing $6,000, reflecting a significant 63% increase compared to the same quarter in the previous year.
Ernie Garcia, Carvana founder and CEO, stated, “Our record-breaking 2023 first quarter is evidence that our strategy is working…Read More
According to data from Benzinga Pro, CVNA has a 52-week high of $58.05 and a 52-week low of $3.55.
