|Bid||47.30 x 800|
|Ask||47.31 x 1300|
|Day's range||44.77 - 48.10|
|52-week range||19.45 - 375.30|
|Beta (5Y monthly)||2.68|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Carvana (NYSE: CVNA) jumped today, even though there was no news out on the online auto retailer. Instead, investors seemed to be reacting to the July Consumer Price Index (CPI) report, which showed the inflation gauge cooling to 8.5% year over year and flat over June, down from 9.1% in June, and better than expectations of 8.7%. Carvana is one of a number of growth stocks that have plunged over the last year as investors have turned sour on unprofitable growth stocks.
At this time, I would like to welcome everyone to the Root Incorporated second quarter 2022 earnings conference call. Participating on today's call are Alex Timm, co-founder and CEO; and Rob Bateman, chief financial officer. During the question-and-answer portion of the call, our presenters will be joined by Dan Rosenthal, chief revenue and operating officer; Matt Bonakdarpour, chief technology officer; and Frank Palmer, chief insurance officer.
Taking on higher risk typically entails the potential for higher reward as investors need to be properly compensated for the risk they're taking. Risk can come in many forms -- perhaps the company has a worrisome debt load. Carvana (NYSE: CVNA) is arguably the ultimate high-risk, high-reward stock.