On June 9, Carvana Co. rose 3.82% in regular trading, trading at $72.17/share, with trading volume of $62.51 million. The stock extended its recovery from the $62.965 low hit on June 3 after a 10%-plus pullback driven by Q2 retail GPU margin concerns.

On the news front, RBC Capital Markets reiterated its outperform rating on Carvana with a $92 price target, citing the company's logistics optimization, proprietary CARLI software system, and AI-powered dynamic labor allocation as key enablers of profitable operational scaling. During a recent facility tour in Ohio, the company demonstrated these capabilities, which analysts believe should help address Q4 capacity bottlenecks that previously impacted retail operations.

On the fundamental side, Carvana reported Q1 EPS of $1.69, exceeding market expectations of $1.50 to $1.58, while revenue reached $6.432 billion, up 52% year-over-year. The strong earnings performance continues to provide support at lower price levels as the stock recovers from the recent correction.

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