Carvana's Vending Machine, Delivery Service

This is a Carvana news story, published by MSN, that relates primarily to Q3 news.

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Carvana stock

TheStreet

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Once nearly-bankrupt car reseller now hits new record

Summary

Nutrition label

84% Informative

Carvana surged nearly 20% on Oct. 31 after the used-car retailer posted a Q3 earnings beat and raised its 2024 earnings forecast.

Carvana stock is up more than 330% year-to-date as of Nov. 1 .

At least five analysts raised Carvana ’s stock price target following the earnings report.

Looking ahead, Baird anticipates the momentum to continue, expecting the pace to accelerate in Q4 . Carvana closed at $ 229 on Nov. 1 and very few are talking about its bankruptcy risk anymore. Related: Veteran fund manager sees world of pain coming for stocks.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful