On Thursday, online car-retailer Carvana announced an especially rosy outlook (i.e. forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s stock price up 56% before the market closed. The company closed the day worth $4.58 billion, according to Google Finance data. The retailer — a popular short — predicted […]
Carvana nirvana? Shorted stock surges 56% as company predicts record profits by Harri Weber originally published on TechCrunch...