Carvana shares closed higher on Monday, rising approximately 1.8% to $410.83 during the afternoon session. The stock traded between $393.52 and $412.91 throughout the day, reflecting ongoing volatility.
Earnings and Economic Calendar in Focus
Investors are preparing for the online used-car retailer's quarterly report, scheduled for release on February 18. The financial update will be closely scrutinized for insights into the company's profitability and funding outlook. Additionally, the market is bracing for significant U.S. economic data, including the jobs report on February 11 and the Consumer Price Index reading on February 13.
These macroeconomic indicators are critical for Carvana, as interest rates directly influence vehicle affordability. Lower borrowing costs can stimulate demand by making monthly payments more manageable, while higher rates may pressure sales and credit performance.
Short-Seller Report Aftermath
The stock has experienced pronounced swings since late January, when Gotham City Research published a report questioning the company's related-party transactions. Carvana has publicly disputed the allegations, describing them as inaccurate and misleading. This controversy has contributed to the equity's recent turbulent price action.
Looking ahead, market participants will monitor management's commentary on financing, sales volume, and loan performance during the upcoming earnings call. The broader economic backdrop, particularly any surprises in inflation or labor data, could further influence bond yields and, consequently, consumer lending stocks like Carvana.