Carvana stock price is soaring after the ‘best financial results in company history’

The online used-car retailer, which was close to bankruptcy just a few years ago, enjoyed skyrocketing profit in the first quarter of 2024.

Shares of Carvana Co. are going through the roof in premarket trading this morning after the online used-car retailer posted what its CEO and CFO called its “best financial results in company history.” Carvana stock (ticker: CVNA) is up over 37% in premarket trading as of the time of this writing to $119.49 per share.