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Carvana stock tumbles as full-year guidance disappoints despite record Q2
Online used-car retailer Carvana (CVNA) reported record second-quarter results, beating revenue and profit expectations with $7.376 billion in revenue and $0.42 adjusted EPS. However, its stock tumbled over 6% in premarket trading after its full-year adjusted EBITDA guidance of $2.7 billion to $3.0 billion fell short of Wall Street's expectations.
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