Carvana Stock Is Jumping After a Surprise Profit and Upbeat Outlook

Key Takeaways Carvana reported a surprise profit and set records for adjusted EBITDA as retail vehicle sales surged. The online used car retailer predicted a record-setting year for EBITDA. The stock jumped to levels last seen more than two years ago. Shares of Carvana (CVNA) drove higher after the online used-car retailer posted a surprise profit and gave an upbeat full-year outlook. Carvana reported second-quarter adjusted earnings per share (EPS) of $0.14. Analysts were anticipating a loss. Revenue rose ...