| We've seen massive one-day surges in AI (artificial intelligence) stock prices lately after positive updates from industry players – Nvidia (NVDA) being the prime example. But online car retailer Carvana (CVNA) didn't want to be left out of the fun: Shares jolted 35% higher by mid-afternoon Thursday. The reason? The company provided Wall Street with a much rosier outlook for the second quarter of 2023. Carvana reported it now expects EBITDA (earnings before interest, taxes, depreciation, and amortization) to be 💲50 million, which is massively better than the consensus analyst estimates predicting a 3.6-million-dollar loss. The company also said that gross profit per unit would be more than 6,000 dollars – a record. This is all much better news than what was shared in the first quarter, when the interest on Carvana's debt cost the company more than 💲2,000 per car... and when it recorded a 286-million-dollar loss despite gross profit of more than 💲4,000 for each vehicle sold. From where Carvana was to where it is today... This is all starting to sound like a true "Comeback Kid" story. But are investors getting a little ahead of themselves? Will there still be a profit opportunity here with the massive run-up in the stock price from the past week? Let's dive in... Click here to continue reading | 
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