Possible Upside for Carvana (CVNA) & AutoZone (AZO) Earnings

There is near-term upside for Carvana (CVNA), but medium and long-term it’s uninviting, according to Wedbush. Wedbush upgraded CVNA yesterday to neutral. Seth Basham talks about how CVNA recently completed a debt exchange, and its improving profitability could drive upside in 3Q and 4Q. He also goes over AutoZone’s (AZO) recently released earnings. Wedbush has an outperform rating on AZO. He also compares Advance Auto Parts (AAP) to AZO. Tune in to find out more about the stock market today.