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Early Movers, Market Snapshot: Alithya Group, Carvana and Lakeland Industries

  • June 08th, 2023
  • 232 views

Alithya Group Inc. (Nasdaq: ALYA) has released its fourth-quarter fiscal 2023 results, reporting adjusted earnings per share (EPS) of $0.04, a notable increase from $0.02 in the same quarter last year. The company also achieved a 13.5% growth in revenues, with total revenue amounting to $136.2 million, compared to $120.0 million in the corresponding quarter of the previous year.

$ALYA is currently trading at $1.99, experiencing a significant rise of $0.19 or 10.87%.

Carvana Co. (NYSE: CVNA) has provided an improved outlook for the second quarter of 2023, driven by even stronger anticipated results from its ongoing profitability initiatives. 

The company expects to surpass $50 million in Adjusted EBITDA for the quarter, showcasing its commitment to enhanced financial performance. Additionally, Carvana anticipates a Non-GAAP total gross profit per unit (GPU) above $6,000, representing a new company record and a remarkable improvement of over 63% compared to the second quarter of 2022.

$CVNA is currently trading at $18.58, up $3.05 or 19.64%.

Lakeland Industries, Inc. (Nasdaq: LAKE) has achieved year-over-year revenue growth in the first quarter of fiscal 2024 and reported earnings per share (EPS) of $0.18, surpassing the consensus estimate of $0.13.

$LAKE is trading at $14.31, marking a notable increase of $2.03 or 16.53%.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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