The Latest Breaking News from Carvana

The blue chip index closed higher for an eighth straight day Wednesday, its longest win streak since September 2019.

The stock market weakened in afternoon trading. Lululemon Athletica stock hit a 52-week high, while an advertising stock tanks.

Some Carvana analysts see positive signs. Others see current stock price reflecting inflated expectations for the auto market disrupter.

Carvana stock has surged 650% in 2023. But is CVNA still a good buy for the second half of 2023?

Interestingly, the list includes cars like the Tesla Model 3, but also discontinued models like the BMW i3, Chevrolet Volt, Volkswagen e-Golf, and Chevrolet Spark.

Honda and Toyota are growing passenger car sales. Sedans dominate Carvana top sellers.

Strong cost management efforts from the leading used car retailer drove CarMax earnings. CarMax stock jumped.

Though Carvana might seem tempting as a speculative trade, the underlying financial narrative presents a challenging case for CVNA stock.

Stock futures lower after S&P 500 reclaims bull market; Tesla shares jump after opening charging network to General Motors; Carvana shares extend gains as bullish profit outlook hammers short sellers; DocuSign shares higher after solid qQ1 earnings and Trump indictment may be unsealed as former President protests classified documents charges.