Carvana (CVNA) closed the latest trading day at $41.80, indicating a +1.95% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.07%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.36%.Shares of the company have depreciated by 25.33% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.02% and the S&P 500's gain of 3.05%.Market participants will be closely following the financial results ...

Amidst the turbulent seas of the stock market, the U.S. is facing a storm. The recent surge in December 2023 retail sales cast a shadow over the hopes of early interest rate cuts by the Federal Reserve this year. The unlikely robustness in consumer spending sent shockwaves through the market, pushing the 10-year Treasury yield to a 5-week high, now hovering over the 4.1% mark. Hence, against this grim backdrop, investors must fine-tune their portfolios by dumping the stocks to sell, as discussed in the arti ...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced its expansion of same day vehicle delivery to select greater Birmingham, Alabama residents. Birmingham area residents can now take delivery of a vehicle purchase as soon as the same day they place an order on Carvana.com and select customers interested in selling their current vehicle to Carvana can also benefit from same day drop-off. “I urgently needed a new vehicle when ...

Vroom Inc., once valued at a heady $2.5 billion, said Monday it is winding down its online used-car sales business in order to preserve liquidity, as its market cap has dwindled to less than $100 million. Vroom VRM, +20.28% said it would focus on growing its two remaining businesses, an auto finance company and another offering analytics and digital services for auto retail. Shares of Vroom fell more than 50% in the extended session Monday. The demise of its online used-car business didn’t appear to impact ...

PHOENIX--(BUSINESS WIRE)--In celebration of the New Year and a decade selling of electric vehicles, Carvana (NYSE: CVNA) reveals its top ten best-selling EVs of 2023: Tesla Model 3 Nissan LEAF Tesla Model Y BMW i3 Chevrolet Volt Tesla Model S Tesla Model X Ford Mustang MACH-E Volkswagen e-Golf Chevrolet Bolt EV Carvana has become a leader in the used EV space, offering a diverse range of electric vehicles and hybrids that cater to the evolving needs and tastes of car buyers. In 2023, ...

Growth stocks rebounded nicely in 2023 after a disappointing 2022. However, some growth stocks overextended themselves and look due for corrections in 2024. Other growth stocks have weakening fundamentals and questions surrounding future growth initiatives. Not every growth stock pans out, and an investment that may have looked great a few years ago may not be up to par today. If you haven’t checked your portfolio in a while and assessed your picks, it may be time to reevaluate your positions. These are thr ...

Carvana (CVNA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -23.2%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Commerce industry, which Carvana falls in, has gained 1.6%. The key question now is: What could be the stock's future direction?While media r ...

Carvana, an industry pioneer for buying and selling used cars online, today announced the continuation of its partnership with racing legend Jimmie Johnson and LEGACY MOTOR CLUB™ in 2024. (Graphic: Business Wire)Carvana, an industry pioneer for buying and selling used cars online, today announced the continuation of its partnership with racing legend Jimmie Johnson and LEGACY MOTOR CLUB™ in 2024. (Graphic: Business Wire)PHOENIX--(BUSINESS WIRE)--Carvana, an industry pioneer for buying and selling used cars ...

Carvana (CVNA -7.08%) went from market darling during the dark days of the COVID-19 pandemic to a villain in the blink of an eye. The problem for Carvana was that its rapid growth was incredibly expensive and its operations were far from efficient.Management pulled back drastically on growth efforts to refocus the company on becoming more efficient, and the results have looked impressive, sending the stock over 1,000% higher over the past year.With such a run up, is it too late to buy into Carvana's rebound ...

Carvana (CVNA) ended the recent trading session at $46.74, demonstrating a -0.89% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.57%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq appreciated by 0.75%.Shares of the company have appreciated by 19.39% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 3.95% and the S&P 500's gain of 3.4%.Investors will be eagerly watching for the perf ...