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Benzinga

Business

Adam Eckert

Carvana Stock Climbs To New Highs After Q2 Earnings: What's Driving The Action?

Carvana

Carvana Co (NYSE:CVNA) shares are hitting fresh highs on Thursday after the company reported strong results for the second quarter. Multiple analysts raised price targets following the print.

What Happened: Carvana beat analyst estimates on the top and bottom lines in the second quarter, turning in revenue of $4.84 billion versus estimates of $4.53 billion, and earnings of $1.28 per share versus estimates of 97 cents per share.

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