Carvana stock jumps as it reports first-ever profit, forecasts strong Q1
Used car retailer Carvana reported its first-ever profit as well as forecast core current-quarter profit “significantly above” $100 million on Thursday, helped in part by cutting costs and sending its shares surging over 20% after hours. To strengthen its balance sheet and attain positive cash flow, Carvana has been trimming inventory and slashing advertising and … Read more