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Stock impact report

Carvana Stock Is Up 4,000% in Two Years. What Will It Do in 2025? [Yahoo! Finance]

Ally Financial Inc. (ALLY) 
Last ally financial inc. earnings: 4/20 07:30 am Check Earnings Report
US:NYSE Investor Relations: ally.com/about/investor
Company Research Source: Yahoo! Finance
Carvana ( CVNA ) 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. Shares soared to an all-time high of more than $370 in August 2021 as COVID-19 lockdowns and stimulus checks fueled a surge in used-car sales. The tides turned when inflation began to accelerate and consumers' pandemic savings dwindled. The company's share price fell 99% to a closing low of $3.72 in December 2022. Since then, shares have bounced back after a raft of layoffs and a rebound in used-car sales that helped the company blow past profit estimates with its most recent quarterly report. Hindenburg Report Concerns 'Overblown,' JPMorgan Says Short-seller Hindenburg Research called the validity of that rally into question last week when it published a report alleging "accounting manipulation and lax underwriting have fueled temporary reported income growth." Shares decline Show less Read more
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