Carvana (CVNA) Raises Q3 2023 Outlook
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Carvana (CVNA) shares rally as online used car retailer raises Q3 guidance
August 9, 2023 9:07 AM EDTCarvana (NYSE: CVNA) shares have jumped premarket after the company lifted its third-quarter guidance.
The online used car retailer revealed that it now sees adjusted total GPU above $5,500 in Q3, up from its previous expectation of above $5,000.
Speaking at the 2023 JP Morgan... More
Carvana (CVNA) has clearer visibility on costs in Q3 relative to Q2
August 9, 2023 8:39 AM EDTCarvana (NYSE: CVNA) says in Q2 one-time items impacted adjusted EBITDA.Outlook assumes no significant impact from inventory allowance adjustments.Q2 benefitted from seasonal and market dynamic tailwinds.The company says there is 'still a lot more in the tank.'Clearer visibility on costs in Q3 relative to Q2.... More
Carvana (CVNA) sees opportunity for Adesa to take market share
August 9, 2023 8:33 AM EDTCarvana (NYSE: CVNA) sees an opportunity for Adesa to take market shareAdesa taking share so far in 2023.
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Carvana (CVNA) believes wholesale platform has 'significant growth opportunity'
August 9, 2023 8:30 AM EDTCarvana (NYSE: CVNA) growing volume at AdesaWholesale platform an area with 'significant growth opportunity.''Meaningful opportunity to expand our business in this area' says Carvana CFO Mark Jenkins
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Carvana (CVNA) has made fundamental gains in retail GPU
August 9, 2023 8:26 AM EDTCarvana (NYSE: CVNA) says it has made fundamental gains in achieving a new level of retail GPU.
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Carvana (CVNA) started to charge shipping fees on longer distance shipping
August 9, 2023 8:25 AM EDTCarvana (NYSE: CVNA) says the big advantage of their model is the ability to make a large set of vehicles available to customers.Gives the company the ability to take a larger market shareHave started to charge shipping fees on long-distance shipping... More
