So what is happening with CVNA stock? Carvana posted its third straight net profit in Q3. Its earnings came at about $1.26 per share, a drop of 65% year-over-year (y-o-y), but that was still much better than had been feared.

Carvana stock more than tripled in 2024, extending a two-year bull run that's returned 4,000% amid a turnaround effort that has pulled the online used-car retailer from the brink of bankruptcy.

Carvana Co (NYSE:CVNA) shares are trading higher Monday after a company subsidiary amended an agreement to reestablish a $4 billion commitment for automotive finance receivables.

Shares of Carvana ( CVNA -11.22%) were heading lower today as investors continued to respond to a short report from Hindenburg Research that accused the online used car dealer of not disclosing related-party transactions, among other things. Carvana, which has gotten frothy after skyrocketing from near-bankruptcy, fell 11% on the news.

Carvana Co. stock closed about 2% lower on Thursday after a scathing short-seller report called the company’s turnaround a “mirage,” after initially adding to gains that have topped 300% in the past year.