Carvana Shares Rise 8% Overnight After Record Third-Quarter Sales
Carvana reported third-quarter retail vehicle sales of 217,385 units, up 39% year on year, and revenue of $8.04 billion, up 42%. CEO Ernest Garcia reaffirmed long-term targets.
Carvana (CVNA) stock jumped 8% overnight after the online used-car retailer reported record third-quarter sales and revenue, with retail vehicle sales climbing 39% year-on-year to 217,385 units and revenue surging 42% to $8.04 billion. CEO Ernest Garcia also reaffirmed ambitious long-term targets f…