Carvana (NYSE:CVNA) reported quarterly sales of $3.50 billion which beat the analyst consensus estimate of $3.39 billion by 3.16 percent. This is a 55.77 percent increase over sales of $2.25 billion the same period last year.
Why Diamondback Energy Shares Are Rising
Diamondback Energy Inc (NASDAQ: FANG) shares are trading higher by 3.2% at $82.60 after the company announced it initiated a share repurchase program of up to $2 billion.