For the second consecutive quarter Carvana (CVNA) has delivered an impressive earnings beat coupled with an optimistic outlook for the upcoming quarter, sending shares nearly 40% higher Thursday morning.  The online car retailer easily delivered an earnings beat for the first quarter of 2024. Revenue of $3.06 billion was a 17% improvement year over [...]

Carvana (CVNA) jumped 38% Friday morning after the online car retailer delivered a pleasant surprise in its Q4 earnings. While the company is still losing money, it’s slowly but surely becoming more profitable - and there’s reason to be optimistic about the road ahead. The company reported revenue of $2.4 billion, falling just shy [...]