Carvana Co CVNA analysts reacted to the falling stock price and concerns from investors after the company reported fourth-quarter financials.
Ernie Garcia, Carvana co-founder and CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings, growth expectations, and more.
Used car retailer Carvana Co (NYSE:CVNA) was last seen down 12.9% at $245.39, despite smashing fourth-quarter earnings estimates and projecting strong growth in 2025.
Carvana (CVNA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Jim Cramer breaks down why he's keeping an eye on shares of Carvana.
CVNA's fourth-quarter 2024 results reflect soaring sales and profits, setting the stage for a promising 2025.
Carvana Co's (NYSE:CVNA) stock tumbled after hours, wiping out $6 billion in market value, as investors reacted to falling profit margins and weaker-than-expected wholesale sales. The used-car retailer beat forecasts, posting $359 million in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the fourth quarter—well above analyst expectations of $330 million and a significant jump from $60 million a year ago.
Carvana Co. (NYSE:CVNA ) Q4 2024 Earnings Conference Call February 19, 2025 5:30 PM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Ron Josey - Citi Sharon Zackfia - William Blair Chris Bottiglieri - BNP Paribas Daniela Haigian - Morgan Stanley Michael Montani - Evercore ISI Rajat Gupta - JPMorgan Seth Basham - Wedbush Securities Mike Baker - D.A. Davidson Jeff Lick - Stephens John Colantuoni - Jefferies Marvin Fong - BTIG Operator Good day, and welcome to Carvana's Fourth Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Carvana (CVNA) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.