Shares of used car retailer Carvana (CVNA) are revving higher on Thursday — and the time of this video's posting, the stock has seen gains of over 20% this morning — after reporting a third quarter earnings beat n Wednesday. The company achieved a record profit in this quarter while boosting its full-year earnings outlook.

Catalysts anchors Julie Hyman and Brad Smith report more on Carvana's sales figures.

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This post was written by Luke Carberry Mogan.