Sentiment: Negative
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Carvana (CVNA) Stock Falls 6% as CarMax Results Raise Margin Red Flags
By Trader Edge at 2026-06-17 12:42
Sentiment: Negative
TLDR Carvana stock fell around 6% Wednesday after CarMax dropped 7% following its Q1 earnings report CarMax beat EPS estimates ($1.31 vs $0.96) and revenue estimates ($8B vs $7.39B) but flagged margin pressure CarMax’s used retail gross profit per unit fell $230 year-over-year to $2,177 Styrax Capital LP cut its Carvana stake by 26.6%, selling [...] The post Carvana (CVNA) Stock Falls 6% as CarMax Results Raise Margin Red Flags appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central