Carvana, the online used car retailer known for its distinctive vehicle vending machines, has seen its stock price surge by nearly 15% following an optimistic forecast for its 2024 core profit.

Carvana's optimistic 2024 forecast drives stock surge

On Wednesday, Carvana shares witnessed a 30% surge in extended trading after the used-car seller forecasted an unexpected bump in current-quarter retail sales and core profit generated.

Used-car seller Carvana’s shares surge beyond expectations

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