Major U.S. equities indexes climbed Monday afternoon as tech stocks rallied, and as optimism about a rate cut by the Federal Reserve next month grew. The Dow rose 0.4% and the S&P 500 added 1.3%, while the tech-heavy Nasdaq surged over 2%.
Amazon Autos is fresh from inking a deal with Ford Motor Co. to sell used Ford vehicles, but you wouldn't know it by looking at the stock of a key competitor: Carvana Co.
Carvana Co (NYSE:CVNA) is trading 2.3% higher at $324.67 this afternoon, attempting to extend a rebound off the $280 level, a site that captured its June pullback as well.
2025 has not been kind to consumer discretionary stocks. Among the 11 S&P 500 sectors, consumer discretionary has posted the fourth-worst performance year to date (YTD).
Carvana Co. ( CVNA ) Wells Fargo's 9th Annual TMT Summit November 18, 2025 3:00 PM EST Company Participants Ernest Garcia - Co-Founder, President, CEO & Chairman Conference Call Participants David Lantz - Wells Fargo Securities, LLC, Research Division Presentation David Lantz Wells Fargo Securities, LLC, Research Division Hi, everyone. Thanks for joining.
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