Carvana (CVNA) Jumps: Too Good To Be True?

Carvana (CVNA) is seeing a bit of a stock jump today, May 5th. George Tsilis joins Alex Coffey and Caroline Woods to discuss CNVA as its earnings were released yesterday, postmarket. Its adjusted EPS came in at -$1.51 versus an estimated -$1.92 and revenue came in at $2.61B versus an estimated $2.57B. He talks about how CVNA has done a good job dealing with some excess inventory, but the business is quite challenged financially from a structural standpoint. He goes over how the jump in the stock today could be due to short selling. He also notes that CVNA's 1Q retail units sold were down 25% year-over-year. Tune in to find out more about the stock market today.

Next Gen Investing

05 May 2023

SHARE

ON AIR
5:00 am
Next Gen Investing
replay
12:00 am
Fast Market
REPLAY
education
1:00 am
Your First Trade
REPLAY
1:30 am
Next Gen Investing
REPLAY
education
2:30 am
Your First Trade
REPLAY
3:00 am
Trading 360
REPLAY
4:00 am
Fast Market
REPLAY
ON AIR
5:00 am
Next Gen Investing
REPLAY
education
6:00 am
Your First Trade
REPLAY
6:30 am
Trading 360
REPLAY
7:30 am
Fast Market
REPLAY
8:30 am
Next Gen Investing
REPLAY
9:30 am
Market Overtime
REPLAY
10:00 am
Trading 360
REPLAY
11:00 am
Fast Market
REPLAY
12:00 pm
Next Gen Investing
REPLAY
education
1:00 pm
Your First Trade
REPLAY
1:30 pm
Trading 360
REPLAY
2:30 pm
Fast Market
REPLAY
3:30 pm
Next Gen Investing
REPLAY
4:30 pm
Market Overtime
REPLAY
5:00 pm
Trading 360
REPLAY
6:00 pm
Fast Market
REPLAY
7:00 pm
Next Gen Investing
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Trading 360
REPLAY
9:30 pm
Fast Market
REPLAY
10:30 pm
Next Gen Investing
REPLAY
education
11:30 pm
Your First Trade
REPLAY

Get the Market Minute

Daily insights for every investor

coming soon

We are now

coming soon

We are now