Carvana (CVNA) said late Tuesday that it will report earnings for the second quarter early Wednesday, bringing the date up from Aug. 3. Carvana stock plunged in extended trading.
The online used-car seller on June 8 announced an improved Q2 outlook. It said that was “based on even stronger anticipated results from its continued plan to drive profitability.”
Analysts are sharply divided about its prospects ahead of the report.
Carvana Stock
CVNA stock dived nearly 10% in late Tuesday trade. Shares had rallied nearly 9% in heavy trade to 39.80 in the regular stock market session.
Year to date, Carvana stock has skyrocketed nearly 740%, including a 352% jump in the past three months.
Check back for Carvana earnings updates Wednesday.
YOU MAY ALSO LIKE:
These Are The 5 Best Stocks To Buy And Watch Now
Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks
Find The Latest Stocks Hitting Buy Zones With MarketSmith
Why This IBD Tool Simplifies The Search For Top Stocks
Looking For The Next Big Stock Market Winners? Start With These 3 Steps