Carvana nirvana? Shorted stock surges 56% as company predicts record profits

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Carvana nirvana? Shorted stock surges 56% as company predicts record profits

On Thursday, online car retailer Carvana announced an especially rosy outlook (i.e., forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s stock price up 56% before the market closed. The company closed the day worth $4.58 billion, according to Google Finance data. The retailer — a popular short — […]

Carvana nirvana? Shorted stock surges 56% as company predicts record profits by Harri Weber originally published on TechCrunch

Carvana nirvana? Shorted stock surges 56% as company predicts record profits

2023-06-09 08:03

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