Carvana Co. Class A Aktie News

As Carvana Co.'s stock soared 35% on Thursday after the used-car retailer swung to a surprise profit, investors were also snapping up the company's high-yield bonds, which were seeing net buying after the news.

Carvana (NYSE: CVNA ) stock is on the move Thursday after the used car retailer's share got a new price target from JPMorgan analyst Rajat Gupta. This has the JPMorgan analyst increasing his price target for CVNA stock from $70 per share to $130 per share.

Carvana Co (NYSE:CVNA) stock is surging today, up 35% to trade at $117.69, after the  online used-car retailer reported first-quarter earnings of 23 cents per share -- much higher than the expected loss of 64 cents -- on revenue of $3.1 billion.

The company just reported a revenue beat, a jump in vehicles sold at retail, and upbeat forecasts.

Shares of Carvana Co. are going through the roof in premarket trading this morning after the online used-car retailer posted what its CEO and CFO called its “best financial results in company history.” Carvana stock (ticker: CVNA) is up over 37% in premarket trading as of the time of this writing to $119.49 per share.

Carvana (NYSE: CVNA ) stock is rocketing higher on Thursday after the used-car retailer posted its earnings report for the first quarter of 2024. Carvana starts its report strong with adjusted earnings per share of 23 cents.

Used car vending machine operator Carvana Co. (NYSE:CVNA) flew nearly 40% higher in Thursday's pre-market trades following a surprisingly bullish first-quarter result and upbeat sales forecast. Carvana brokered 91,878 unit sales in the quarter, a 16% year-over-year increase, bringing in total revenues of $3.06 billion, a 17% increase.

Large-cap growth funds have been in the sweet spot for a few years now, thanks to megacap tech holdings.