The Latest Breaking News from Carvana Co. (

The meme craze is back in action after a lull for a few months. Several stocks have gained traction of late despite their weak fundamentals. With the stock market expected to remain under pressure in the upcoming months, it could be wise to avoid fundamentally weak meme stocks Lucid (LCID),…

The market is expected to remain under pressure with inflation still far higher than the Fed’s target level, consecutive rate hikes, and rising geopolitical issues. Given the increasing odds of a recession, fundamentally weak stocks, DraftKings (DKNG), Carvana (CVNA), and Flux Power (FLUX) are hitting the panic button now. Thus,…

Carvana Co (NYSE: CVNA) shares are trading higher Wednesday on above-average volume. 

Although the Dow Jones dropped around 150 points on Tuesday, there were a few notable insider trades.

The United States job market has exhibited resilience, adding more jobs than expected in April. Nevertheless, layoffs and hiring freezes have been sweeping across businesses this year. Amid this, we think companies that have been struggling with their growth trajectories and have implemented employee layoffs recently, such as Netflix (NFLX),…

Although Dow Jones dropped around 800 points on Tuesday, there were a few notable insider trades.

Carvana Co (NYSE:CVNA) plans to offer $2.275 billion of Senior Unsecured Notes due 2030. The company intends to use the proceeds to finance the proposed acquisition of the U.S. physical auction business of ADESA Inc from KAR Auction Services (NYSE:KAR) for about $2.2 billion. ADESA U.S. is a provider of wholesale vehicle auction solutions in the U.S. with…

Carvana Co (NYSE: CVNA) shares are trading lower after the company reported financial results and announced a $1 billion common stock offering. 

Carvana Co (NYSE: CVNA) shares are trading lower in Wednesday's after-hours session after the company reported financial results.