Why Carvana Stock Is Tumbling Despite Earnings Beat

BREAKING: Tech Futures Rise On Amazon, Apple Carvana (CVNA) sold off late Wednesday despite reporting better-than-expected third-quarter earnings, as margins came under some pressure. The online used car seller, known for car vending machines and home delivery, reported adjusted Q3 earnings per share of $1.50, up 134% vs. a year earlier. Revenue swelled 55% to $5.65 billion, the second straight quarter of accelerating growth. Analysts had expected… Related news Stock Of The Day Hits This Buy Point After Ana ...