Carvana Stock Soars With Earnings Outlook Seen 'Driving The Squeeze'

Carvana Stock Soars With Earnings Outlook Seen 'Driving The Squeeze'

Carvana Stock Soars With Earnings Outlook Seen 'Driving The Squeeze' · Investor's Business Daily
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Carvana late Thursday gave stronger-than-expected earnings guidance for the current quarter, signaling a rebound in used-car sales. Carvana stock rocketed Friday above a buy point. The online used-vehicle retailer turned in a "fundamentally mixed" report for the fourth quarter, analyst Brad Erickson of RBC Capital Markest said in a note to clients Friday.