So what is happening with CVNA stock? Carvana posted its third straight net profit in Q3. Its earnings came at about $1.26 per share, a drop of 65% year-over-year (y-o-y), but that was still much better than had been feared.

Carvana stock more than tripled in 2024, extending a two-year bull run that's returned 4,000% amid a turnaround effort that has pulled the online used-car retailer from the brink of bankruptcy.

Carvana bounces back. Last week, short-seller Hindenburg Research attacked the company, saying that Carvana had undisclosed related-party transactions and that the stock was gross