Carvana Stock Crashes – Strong Profits Still Not Good Enough for Wall Street
Online used-car giant Carvana misses profit forecasts due to higher costs, sending shares plunging 21% after hours despite record sales and revenue growth.
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JPMorgan and BTIG Stand by Carvana After Gotham City Short Report
JPMorgan and BTIG maintain positive ratings on Carvana, disputing Gotham City Research’s short-seller claims and highlighting misrepresented data.
Gotham City Research Alleges Carvana Earnings Overstated by $1B+
Short-seller Gotham City Research claims Carvana's profits are artificially inflated through related-party transactions with DriveTime, predicting accounting restatements and auditor resignation.
CarMax Shares Slide as Used Car Sales Slow and Carvana Gains Ground
CarMax shares drop sharply after weak used car sales, shrinking profits, and rising pressure from fast-growing rival Carvana.
Wedbush Upgrades Carvana to Outperform as Shares Pull Back
Wedbush upgrades Carvana to Outperform with a new $400 price target, saying the recent pullback is overdone and offers a strong risk/reward opportunity.
Ford Partners with Amazon to Sell Certified Pre-Owned Cars Online
Ford teams up with Amazon to sell certified pre-owned vehicles through Amazon Autos, allowing customers to browse, finance, and schedule pickups at participating dealers online.