Carvana Rebounds to Post First-Ever Profit, Stock Soars 40%
• Carvana posts first ever annual profit of $150M in 2023, stock surges up to 40% • Company issues better-than-expected guidance for current quarter • Results a major turnaround after facing bankruptcy speculation in Dec 2022 • Carvana focused on achieving profitability and cutting costs amid challenges • Stock very susceptible to short squeezes with high 32% short interest