Carvana stock surges on first annual profit, pair of analyst upgrades
Publishing timestamp: 2024-02-23 11:37:59
Summary
Carvana posted its first-ever annual profit and received upgrades from Wall Street analysts, leading to a 30% surge in its stock. The company is focused on restructuring and cost-cutting to drive growth and improve unit economics. Analysts are optimistic about Carvana's long-term market potential and forecast for 2024. CEO Ernie Garcia highlighted the company's competitive position and focus on providing customers with a simple experience, best price, and selection.
Sentiment: POSITIVE
Tickers: CVNA,
Keywords: transportation, business news, autos, stock markets, breaking news: business, carvana co, earnings, business,
Source: https://www.cnbc.com/2024/02/23/carvana-cvna-stock-surges-on-2023-profit-analyst-upgrades.html