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CVNA / Carvana stock jumps after ‘poison pill' adopted, exercisable if an investor acquires at least 4.9% stake

Carvana stock jumps after ‘poison pill' adopted, exercisable if an investor acquires at least 4.9% stake
Shares of Carvana Co. CVNA, -12.58% jumped 2.4% in premarket trading Tuesday, after the online used-car retailer said it adopted a shareholder rights plan, in an effort to block investors from buying up a stake while the stock price is depressed. The stock has tumbled 61.5% over the past three months through Friday, and plummeted 95.5% over the past 12 months, amid liquidity concerns due to falling used-car demand and and reports of continued layoffs. Read More
Posted: Jan 17 2023, 08:51
Author Name: Market Watch
Views: 110695

CVNA News  

The Lonely Bull On The Planet: Carvana's Transformation Of The Marketplace Model (Rating Upgrade)

By Seeking Alpha
November 4, 2023

The Lonely Bull On The Planet: Carvana's Transformation Of The Marketplace Model (Rating Upgrade)

Carvana's stock price jumped 15% following its third quarter earnings release, driven by improved profitability and cost control. The company's wholes more_horizontal

CVNA Stock Alert: What Analysts Are Saying After Carvana's Q3 Earnings

By InvestorPlace
November 3, 2023

CVNA Stock Alert: What Analysts Are Saying After Carvana's Q3 Earnings

Carvana (NYSE: CVNA ) stock is on the move Friday as analysts weigh in on the used-car retailer following its latest earnings report. To summarize tha more_horizontal

Carvana Reports Expense Reduction and Efficiency Improvement in Uncertain Environment

By PYMNTS
November 2, 2023

Carvana Reports Expense Reduction and Efficiency Improvement in Uncertain Environment

Carvana made progress in reducing expenses and improving efficiency during the third quarter, leading to record third-quarter levels of adjusted EBIT more_horizontal

Carvana Co. (CVNA) Q3 2023 Earnings Call Transcript

By Seeking Alpha
November 2, 2023

Carvana Co. (CVNA) Q3 2023 Earnings Call Transcript

Carvana Co. (NYSE:CVNA ) Q3 2023 Earnings Conference Call November 2, 2023 5:30 PM ET Company Participant Ernie Garcia - Chief Executive Officer Mark more_horizontal

Carvana reports record 3Q earnings with impressive profitability gains

By Proactive Investors
November 2, 2023

Carvana reports record 3Q earnings with impressive profitability gains

Carvana Co. (NYSE:CVNA) shares raced ahead on Thursday as anticipation grew before its latest earnings report, and investors were not disappointed. Th more_horizontal

Earnings Exchange: Block, DraftKings & Carvana

By CNBC Television
November 2, 2023

Earnings Exchange: Block, DraftKings & Carvana

Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss Block, DraftKings, and Carvana. more_horizontal

Carvana (CVNA) to Report Q3 Earnings: What's in the Offing?

By Zacks Investment Research
November 1, 2023

Carvana (CVNA) to Report Q3 Earnings: What's in the Offing?

The Zacks Consensus Estimate for Carvana's (CVNA) third-quarter 2023 loss per share and revenues is pegged at 85 cents and $2.77 billion, respectively more_horizontal

Is Carvana a Buy Now?

By The Motley Fool
October 27, 2023

Is Carvana a Buy Now?

Carvana inked a deal with lenders that helped solve an immediate leverage problem. The used car retailer continues to lose money. more_horizontal


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