Carvana (CVNA) Stock Barely Moves Since Q2 Earnings Beat

Shares of Carvana Co. (CVNA) have barely moved since the company reported second-quarter 2024 results on Jul 31, after market close. The used car e-retailer reported earnings of 14 cents per share, beating the Zacks Consensus Estimate of breakeven earnings. It had incurred a loss of 55 cents per share in the year-ago quarter. Revenues of $3.41 billion beat the Zacks Consensus Estimate of$3.23 billion and rose 15% year over year. Key Highlights Total gross profit amounted to $715 million, up 43% year over y ...