Carvana raises 2024 earnings guidance after topping Wall Street's Q3 expectations
Publishing timestamp: 2024-10-30 20:31:31
Summary
Carvana raised its 2024 earnings guidance significantly above its previous target, beating Wall Street's estimates for earnings and revenue in the third quarter. The company's stock rose roughly 20% in after-hours trading. Carvana expects a strong end of the year with a sequential increase in retail vehicle sales during the fourth quarter.
Sentiment: POSITIVE
Tickers: CVNA,
Keywords: breaking news: business, transportation, business, business news, autos, carvana co, earnings,
Source: https://www.cnbc.com/2024/10/30/carvana-cvna-q3-2024-earnings.html