Carvana (CVNA) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to loss of $1 per share a year ago.
The S&P 500 set its second-straight record closing high, at 6144, but ultimately today's gains were modest.
As the trading day comes to a close, Julie Hyman and Seana Smith recap the session's market action (^DJI, ^IXIC, ^GSPC) while reporting breaking earnings results for Carvana (CVNA) and Toast, Inc. (TOST). Roundhill Investments CEO David Mazza comes onto the program to explain why he believes the market is "climbing another classic wall of worry.
Online used-car sales platform reports better fourth-quarter results, but shares drop after hours.
Carvana (CVNA -0.95%), a leading e-commerce platform for buying and selling cars, has released its earnings for the fourth quarter of 2024, detailed on February 19, 2025. The highlight of the quarter was the company's performance on key financial metrics, exceeding analyst expectations.
Carvana topped Wall Street's top- and bottom-line expectations for the fourth quarter, while guiding for another "strong" year in 2025. Carvana gave a broad 2025 guidance that includes growth in both retail units sold and adjusted EBITDA.
Recovering unit sales have boosted Carvana earnings after bankruptcy fears hit shares. The post Carvana Earnings Set To Accelerate Again; CarGurus Also on Deck appeared first on Investor's Business Daily.
Carvana Co. CVNA will release its fourth-quarter financial results, after the closing bell, on Wednesday, Feb. 19, 2025.
Carvana (CVNA) hit a 52-week high today ahead of the company's earnings Wednesday, though the stock is still below its 2021 highs. @LikeFolio's Landon Swan highlights his company's data showing rocketing sales for used cars as a catalyst.
Carvana shares surged over 50% since mid-January, driven by rebounding used car sales and market dismissal of the Hindenburg short report. A renewed credit facility with Ally Bank and plateauing auto loan default rates bolster Carvana's foundation for 2025, projecting over 65% upside. Increasing return to office mandates post-COVID-19 pandemic boosts demand for reliable transportation, positioning Carvana to benefit from rising used car sales.
Carvana CVNA is slated to release fourth-quarter 2024 results on Wednesday, after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 24 cents per share and $3.33 billion, respectively.
Get a deeper insight into the potential performance of Carvana (CVNA) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.