Carvana CoNYSE: CVNA

At some point, even the best of stocks can simply be too expensive, and valuation can drag on performance.

Rising demand for used cars helped online used-vehicle retailer Carvana (CVNA) blow away profit and sales estimates and boost its full-year outlook. The company's shares soared Thursday.

Whenever there's a broad-market selloff , its always fun to look through the rubble and pick out the contrarian stocks making outsized moves higher.

Here is how Carvana (CVNA) and Nordstrom (JWN) have performed compared to their sector so far this year.

For full-year 2024, Carvana expects adjusted EBITDA to be significantly above the high end of the prior guided range of $1-$1.2 billion.

On October 30, Carvana (NYSE: CVNA), a leading e-commerce platform for purchasing and selling cars announced its Q3 2024 results.

Shares in Carvana Co. (NYSE:CVNA) 'motored' 20% after the online used car specialist posted a strong quarterly performance, with adjusted earnings (EBITDA) hitting $429 million, well above analyst expectations of $326.8 million. Revenue for the quarter rose to $3.66 billion, surpassing the forecast of $3.46 billion.

Ernest Garcia, Carvana CEO, joins CNBC's 'Money Movers' to discuss third-quarter earnings, used car demand, and more.

Carvana (CVNA) shares soared in extended trading on Wednesday after the online car dealer blew past Wall Street's third quarter estimates and raised its full-year outlook, boosted by strong vehicle sales.