What's Going On With Carvana Co Stock?

Carvana Co. CVNA shares are trading higher Thursday. The company is set to release its third-quarter financial results after the market close on Thursday.

What To Know:

Carvana will release its third-quarter financial results after the market close on Thursday and host a conference call to discuss the results at 5:30 p.m. ET.

According to estimates from Benzinga Pro, the company is expected to report a loss of 80 cents per share and quarterly revenue of $2.782 billion.

Shares of CVNA are moving on above-average trading volume ahead of the earnings report Thursday. More than 6.6 million shares have already been traded, compared to the stock's 100-day average of 9.288 million shares.

According to data from Benzinga Pro, a remarkable 43.17% of available CVNA shares are being sold short.

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CVNA Price Action: According to Benzinga Pro, Carvana shares are up by 14% at $29.62 at the time of publication.

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