Carvana shares slide as analysts call Q2 profit forecast ‘one-time’ gain

June 9 (Reuters) – Shares of used-car retailer Carvana Co (CVNA.N) tumbled 11% in afternoon trading on Friday, as analysts suspect that the debt-laden company’s upbeat second-quarter profit forecast is a ‘one-time’ upside.The shares were up earlier in the session, and had surged about 68% to $26.09 on Thursday with some help from traders covering their bearish bets after the company forecast more than $50 million in current-quarter adjusted core profit, exceeding expectations of most analysts.While analysts have been encouraged by the outlook, they do not expect more gains as the company has been struggling to sell cars acquired at elevated prices, …
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