Carvana Reports Record Q2 Beat — Stock Falls Anyway
Carvana shares are trading lower Thursday after it reported Q2 results. Also, Needham and Morgan Stanley lowered price targets on the stock.
Carvana did really well last quarter and beat expectations, but some big investment firms think the stock might not keep going up, so people are selling it anyway. When good news doesn't make a stock go up, it means people are worried about what happens next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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