Carvana Stock Rockets as Profit, Sales Jump on Rising Demand for Used Cars
1. Carvana's quarterly profit exceeded estimates, boosting its full-year outlook. 2. Stock surged over 20% following strong earnings report and increased demand. 3. Adjusted EBITDA reached $429 million, showcasing improved profitability. 4. Retail units sold increased by 34% to 108,651 units. 5. Carvana expects adjusted EBITDA to exceed previous high-end forecast.