Carvana Shares Drop on Revised Ebitda Forecast; Chipotle Raises Guidance
Carvana (CVNA) saw its stock decline after announcing an annual adjusted EBITDA forecast with a midpoint below analyst expectations, signaling potential challenges ahead for the online car retailer. In contrast, Chipotle Mexican Grill (CMG) raised its earnings guidance following stronger-than-expected quarterly results driven by new menu items and enhanced loyalty programs. Crocs Inc. (CROX) also experienced falling shares after issuing a softer outlook for the current quarter, which suggested a weak second half of 2026. This prompted some investors to sell off their holdings despite significant gains earlier in the year.
Tickers: $CMG $CROX $CVNA $SBUX
Topics: Carvana Chipotle Mexican Grill Crocs earnings guidance forecast Starbucks