Shares of Carvana (NYSE: CVNA) were surging today after the online used car dealer significantly narrowed its quarterly revenue in its first-quarter earnings report.
Fears of a bankruptcy had crushed the stock last year, but the first-quarter update shows management is making significant progress toward stabilizing the business.
As of 3:01 p.m. ET, the stock was up 22.9%.
Source Fool.com