On August 4, Carvana Co. rose 3.62% in regular trading, trading at $68.86/share, with turnover of $80.26 million. The stock continued its recovery rally following the initial post-earnings selloff.

On the news front, Carvana previously reported Q2 results that significantly beat expectations. Revenue reached $7.376 billion, up 52% year-over-year, well above the consensus estimate of $6.909 billion. EPS came in at $0.42, surpassing the $0.36 estimate by 16.67%, representing a 61.5% year-over-year increase. Retail vehicle sales hit a record 197,000 units, up 38% year-over-year. While the full-year adjusted EBITDA guidance of $2.7-3.0 billion fell short of some Wall Street expectations, triggering an initial 11% selloff, the strong top-line growth and improving profitability have driven consecutive sessions of recovery. Multiple analysts have adjusted price targets post-earnings, with the average target remaining around $85.93 and an overweight consensus rating.

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