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CVNA
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12 days

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.

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FAQ

Why Very Bullish?

Strong earnings growth and positive outlook can significantly boost CVNA's stock price, reflecting past trends of market reactions to positive earnings.

How important is it?

The article contains critical financial performance data that directly influences CVNA's valuation and investor interest.

Why Short Term?

The impact is immediate due to recent earnings announcements that drive investor sentiment.

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