An analyst pushes the bull case for both companies, but investors react in different ways to his evaluation. Read More...
Barrons.com
Carvana Issued a New Operating Plan. The Stock Is Rallying.
Carvana shares were rising Monday as investors reacted to the used car platform’s new operating plan, which aims to grow sales and profits while rapidly reducing expenses. In the short term, Carvana (ticker: CVNA ) expects sequential reductions in selling, general, and administrative expenses (SG&A) per retail unit sold throughout the year, with a fourth-quarter goal of $4,000 per retail unit. Midterm, the company is setting a goal of $3,000 SG&A expenses per unit sold.
