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Carvana Stock Sinks As Market Gains: What You Should Know
Carvana (NYSE: CVNA) closed the latest trading day at $98.96, indicating a -1.02% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, added 0.56%.
Shares of the company have depreciated by 17.83% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 3.26% and the S&P 500's gain of 5.06%.
Investors will be eagerly watching for the performance of Carvana in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.05, showcasing a 90.91% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest ...