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KMX News7 articles
Tech Futures Slide as Oil Surge and Rising Yields Squeeze Valuations
Nasdaq-100 futures dropped 0.9% as rising oil prices and Treasury yields tightened the valuation squeeze on tech stocks, with WTI crude up 2.68% to $88.06.
Carvana Soars 8% on Inflation Data, Spotlight on Lending Growth
Carvana shares rose 8.29% as lower inflation boosted rate-cut hopes, with focus on its expanding financing operations.
CarMax Revenue Beat Fails to Ease Margin Concerns
CarMax beat Q1 revenue estimates at $8.01B, but retail gross profit per unit dropped to $2,177, highlighting ongoing margin pressure. Shares rose 5% premarket before settling near $52.11.
Carvana Stock Split Completed: Focus Returns to Profitability Metrics
Carvana's 5-for-1 stock split is now effective, with shares closing at $77.94. The focus shifts to the company's ability to sustain profit improvements amid rising costs.
Carvana Shares Dip Despite Record Q1 Sales as Margin Pressure Returns
Carvana shares fell 1.8% despite record Q1 sales and profit, as gross profit per vehicle slipped to $6,783 from $6,938 a year ago.
Carvana Shares Recover After Steep Post-Earnings Decline
Carvana shares rose roughly 2% Friday, recovering some ground after a sharp post-earnings sell-off driven by elevated vehicle reconditioning expenses and retail depreciation.
Carvana Shares Extend Decline Amid Rising Vehicle Reconditioning Costs
Carvana shares continued to slide, dropping 1.6% to $327.55, after Q4 results revealed increased costs reduced per-vehicle profit. Revenue reached $5.6 billion.