Why Carvana Stock Is Tumbling Despite Earnings Beat

Group 1 - Carvana reported adjusted Q3 earnings per share of $1.50, reflecting a 134% increase compared to the previous year [1] - Revenue for Carvana surged 55% to $5.65 billion, marking the second consecutive quarter of accelerating growth [1] - Despite strong earnings, Carvana's stock sold off late Wednesday due to pressure on margins [1] Group 2 - Carvana was highlighted as the IBD Stock of the Day, briefly surpassing a cup-with-handle buy point following an analyst upgrade to buy [2] - The stock market experienced fluctuations, with indexes swinging lower while Amazon rose ahead of earnings and Apple faded [4] - Carvana's stock surged 20%, topping its buy point as earnings soared [4]