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Carvana Stock Soars 5.44% on Ambitious Sales Target
Generated by AI AgentAinvest Movers Radar
Monday, May 12, 2025 5:13 am ET1min read
Carvana's stock price surged by 5.44% in pre-market trading on May 12, 2025, indicating a strong start to the day's trading session.
Carvana has set an ambitious goal to sell 3 million cars annually within the next 5 to 10 years, aiming for a 13.5% EBITDA margin. This strategic target reflects the company's commitment to expanding its market share and improving operational efficiency. The company's focus on growth and profitability is expected to drive investor confidence and potentially lead to further stock price appreciation.
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