
: Carvana shares speed toward best day in more than two years #FinanceUSA #StockMarketNEWS Shares of used-card retailer Carvana Co. were up more than 38% in Friday morning trading after flirting with
@stockMarketNEWS 14 Days ago
Carvana shares speed toward best day in more than two years #FinanceUSA #StockMarketNEWS
Shares of used-card retailer Carvana Co. were up more than 38% in Friday morning trading after flirting with what could be their best single-day percentage gain on record. Carvana's stock was up 38.7% Friday morning and on track for its largest one-day gain since March 24, 2020, when it rose 43.0%. However, shares traded up as much as 69.1% earlier in the session. The rally came in the wake of what RBC Capital Markets analyst Brad Erickson called "another messy quarter," though he noted that "directionally, efforts to improve profitability & efficiency are trending positively and no retail unit guidance takes a miss off the table." Those dynamics were "good enough for the stock," said Erickson, who has a sector perform rating on the stock but lowered his price target to from Friday. Stifel's Scott Devitt saw signs of "stabilizing results" even as the company fell short of expectations for earnings before interest, taxes, depreciation, and amortization (Ebitda). "The company has made initial progress against its realigned operating plan which calls for significant cost leverage across the business," Devitt wrote. Despite Friday's rally, the stock is still down more than 86% over a 12-month span, as the S&P 500 has fallen almost 7% in the same frame.
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS

: Income Tax Dept reminds filing of ITR before July 31 to avoid penalty #FinanceIndia #StockMarketNEWS Income Tax Dept reminds filing of ITR before July 31 to avoid penalty New Delhi, July 26 (KNN)
@stockMarketNEWS 19 Days ago

: RussiaUkraine war impacted supply chain, says MoS MSME #FinanceIndia #StockMarketNEWS Russia-Ukraine war impacted supply chain, says MoS MSME New Delhi, July 25 (KNN) The ongoing Russia-Ukraine war
@stockMarketNEWS 19 Days ago
0 Comments
Sorted by latest first Latest Oldest Best
NSE Gainers NSE Losers BSE Gainers BSE Losers
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafa.us2022 All Rights reserved.