Reported 23 days ago
Carvana, once on the brink of bankruptcy, has made a remarkable recovery in 2024 following significant debt restructuring and operational changes. The company reported Q3 earnings that surpassed expectations, with a 64-cent earnings per share, and is now raising its earnings forecast for the year. Its stock price has surged over 330% year-to-date, as analysts have boosted their price targets, recognizing Carvana's profitable growth and potential for further expansion in the automotive retail sector.
Source: YAHOO