Carvana stock skyrockets on record Q1 earnings

Carvana Co. (CVNA) experienced a surge in its stock price during Thursday’s trading session, fueled by the company’s record-setting first quarter results. The online used car retailer reported $49 million in net income, a turnaround from the $286 million loss it posted in the same period last year.

Yahoo Finance’s Pras Subramanian breaks down the details.

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This post was written by Angel Smith