Carvana (CVNA) shares rise 5% due to high trading volume and positive future earnings

From Nasdaq: 2025-04-09 02:56:00

Carvana (CVNA) shares rose 5% to $176.32 due to high trading volume. The company plans a large-scale auction and reconditioning site in Phoenix to process more vehicles and boost inventory. Analysts expect quarterly earnings of $0.69 per share, a 268.3% increase, with revenues of $3.96 billion, up 29.5% YoY. CVNA holds a Zacks Rank #2.

1stdibs.com (DIBS) saw shares drop 6.2% to $2.42. The company’s upcoming earnings estimate remains at -$0.13 per share, a 62.5% decrease from last year. DIBS has a Zacks Rank #3. Check out Zacks’ list of 5 stocks set to double in 2024, including potential under-the-radar opportunities.

For more information and analysis on Carvana Co. (CVNA) and 1stdibs.com, Inc. (DIBS), visit Zacks Investment Research. Stay informed about the latest stock recommendations and market insights.



Read more at Nasdaq: Carvana (CVNA) Surges 5.0%: Is This an Indication of Further Gains?