Carvana Co

Check out the companies making headlines in midday trading.Lyft – Shares of Lyft plummeted 21% after the company's earnings report showed mixed results in the last quarter. The rideshare company reported adjusted earnings per share of 10 cents, more than analysts' expectations of 7 cents, but revenue fell short of the Street's forecast, coming in at $1.05 billion versus $1.06 billion expected, per Refinitiv.Tripadvisor – The travel platform dropped 17% after its quarterly earnings came in below expectations.  The company…

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCheck out the companies making the biggest moves midday:Carvana — Carvana shares shed more than 15%, with trading briefly halted at one point due to volatility. The sell-off comes after the used-car seller's worst day ever on Friday, when the company had an earnings miss and Morgan Stanley pulled its rating and price target for the stock.Meta Platforms — Shares of Facebook owner Meta jumped 4.7% following a Wall Street Journal report over the weekend saying the…

A Carvana used car "vending machine" on May 11, 2022 in Miami, Florida.Joe Raedle | Getty ImagesShares of Carvana were briefly halted Monday due to volatility, down more than 20% to below $7 per share — its lowest point on record.Carvana stock posted its worst day ever Friday after the company missed Wall Street's top- and bottom-line expectations for the third quarter as the outlook for used cars falls from record demand, pricing and profits during the coronavirus pandemic.Volume spiked on the beaten-down used car seller…

Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to know no bounds, as we mark one year ago this month since the Nasdaq last closed at a record high. (To be clear, I am not talking about the Apple (AAPL) release from Sunday evening about the iPhone 14 Pro and Pro Max issues due to a showdown in production due to Covid restrictions in China . That's because those are supply not…

Shares of Carvana were on pace for their worst day on record Friday after the company missed Wall Street's top- and bottom-line expectations for the third quarter as the outlook for used cars falls from record demand, pricing and profits during the coronavirus pandemic.The stock cratered by 40% in midday trading. Shares of the online used car retailer have plummeted by more than 95% this year, after hitting an all-time intraday high of $376.83 per share on Aug. 10, 2021. Carvana's current worst day of trading was a 26.4%…

A Starbucks location in New York.Scott Mlyn | CNBCCheck out the companies making headlines after hours.Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 billion.PayPal — Shares declined more than 6%. PayPal reported earnings that surpassed profit and sales expectations. CEO Dan…

Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCShares of Carvana fell in extended trading Thursday after the online used car retailer missed Wall Street's top- and bottom-line expectations for the third quarter and reported declines in revenue, profit and sales compared with a year earlier.The stock fell by more than 7% during after-hours trading, quickly erasing a 6.5% gain from earlier in the trading day. Shares of the company have been nearly cut in half this year, as used vehicle sales and elevated prices cooled off from…

Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California.Mario Tama | Getty ImagesDETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles.The results and comments followed concerns by some Wall Street analysts that the industry could soon shift from an inventory supply problem to a lack of demand, or "demand destruction,"…

CNBC's Jim Cramer on Thursday told investors that used car retailer CarMax's recent earnings shortfall is good news for the Federal Reserve's quest to tamp down inflation."When you look at this quarter from CarMax, it tells you the Fed's been incredibly successful at eroding consumer confidence," he said. " Jay Powell doesn't want people to spend their money on big-ticket items."CarMax missed earnings estimates by 43% in its fiscal second quarter results reported on Thursday, citing macroeconomic issues including…

Check out the companies making the biggest moves midday Monday:Gilead Sciences — Shares of Gilead rose 3.8% after the biopharmaceutical company revealed it settled a patent case over its HIV therapies with five generic drugmakers.Twitter — Shares of Twitter slipped 2% after the company said in a regulatory filing that Elon Musk's latest attempt to cancel the deal to buy the social media group is invalid. Most recently, Musk attempted to terminate the purchase citing Twitter's treatment of a whistleblower.Carvana — Carvana…