Carvana, Fourth Quarter
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Carvana shares slid in post-market trading, after quarterly earnings disappointed despite rising revenue from record car sales. The stock was down 14% afterhours; it closed at $361.53, up 27% over the past 12 months.
Shares of Carvana tumbled some 20% after hours on Wednesday, after the online used-car retailer’s outlook for the year ahead offered few specifics, following a year in which sales growth surged.
Breaking Down the 20% Drop 22 minutes ago Live Carvana’s 20% post-earnings plunge reflects a market hyper-focused on margin quality over top-line beats. The company delivered $5.60 billion in revenue,
Carvana’s outlook was vague and didn't provide estimates for Q1 results. “Looking forward, Carvana expects significant growth in both retail units sold and Adjusted EBITDA in
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Check out the companies making headlines in after-hours trading. DoorDash — The food delivery company's stock price jumped about 10%, reversing an earlier decline. The company reported that its total orders increased 32% in the fourth quarter from the year-ago period.
Carvana (CVNA) stock is diving by over 20% in Wednesday's extended hours trading after the online car buying platform posted fourth quarter earnings results that missed both revenue ($5.06 billion vs.
Attacks from short sellers and the collapse of auto lender Tricolor haven’t slowed down America’s most valuable used-car retailer.