- Carvana Shares Rebound After Report on Walter’s Pledged Stake
Shares of online used-car dealer Carvana Co. recovered some losses from a two-day selloff, after a report showed billionaire Mark Walter’s stake in the company was pledged, meaning he wouldn’t be able to immediately sell it as he contends with a federal probe of his investment empire.
Macro·1 article / 1 outlet·39d ago
- Carvana Shares Set for 10% Weekly Loss Amid Mark Walter Probe
Carvana shares are on pace for a 10% weekly loss as investor jitters rise due to the ongoing investigation into Mark Walter. The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.
Legal·1 article / 1 outlet·39d ago
- Walter Probe Weighs on Carvana as Investors Suspect Share Sale
Shares of online used-car dealer Carvana Co. are extending losses Tuesday, hurt by concerns that one of the company’s largest investors — billionaire Mark Walter — may sell down his stake as he contends with a federal probe of his investment empire.
Macro·1 article / 1 outlet·40d ago
- Carvana Stock Falls as 2026 Earnings Guidance Misses Expectations
Carvana reported record quarterly results for the second quarter but expects earnings of between $2.7 billion and $3 billion this year. This guidance has disappointed Wall Street, leading to a decline in the company's stock price.
Guidance·2 articles / 2 outlets·59d ago
- Carvana Forecast Falls Short; Chipotle and Starbucks Raise Guidance
Carvana (CVNA) is sinking after the online car retailer gave an annual adjusted Ebitda forecast with a midpoint below analyst estimates.
Guidance·1 article / 1 outlet·59d ago
- Carvana Profit Outlook Falls Short as Growth Slows
Carvana Co. said its full-year earnings may fall short of Wall Street’s expectations as the used-car retailer’s rapid growth slowed and per-car profit slipped in the most recent quarter.
Guidance·1 article / 1 outlet·60d ago