Carvana swings to profit in Q4, touts strong year ahead

Investing.com

02-20

Investing.com -- Carvana on Wednesday swung to a larger-than-expected profit in the fourth-quarter and the e-commerce used-car platform touted a strong year ahead.

Carvana Co (NYSE:CVNA) fell 11% in after-hours trading following the report.

For the three months ended Dec. 31, the company reported a earnings of $0.56 a diluted share following a loss of $1.00 a share on revenue of $3.55 billion, compared with street estimates for a EPS of $0.25 a share on revenue of $3.3B.

Looking ahead, the company said it is positioned "well for a strong 2025." The company added that it sees "significant growth" in both retail units sold and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, in full year 2025.

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CF Industries reports rise in fourth-quarter profit on higher ammonia sales","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4503":"景林资产持仓","BK4548":"巴美列捷福持仓","BK4214":"汽车零售","BK4585":"ETF&股票定投概念","CVNA":"Carvana Co."},"translate_title":"Carvana第四季度扭亏为盈，未来一年表现强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVNA":1},"content_text":"Investing.com -- Carvana on Wednesday swung to a larger-than-expected profit in the fourth-quarter and the e-commerce used-car platform touted a strong year ahead.  \nCarvana Co (NYSE:CVNA) fell 11% in after-hours trading following the report.\nFor the three months ended Dec. 31, the company reported a earnings of $0.56 a diluted share following a loss of $1.00 a share on revenue of $3.55 billion, compared with street estimates for a EPS of $0.25 a share on revenue of $3.3B.\nLooking ahead, the company said it is positioned \"well for a strong 2025.\" The company added that it sees \"significant growth\" in both retail units sold and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, in full year 2025. \nRelated Articles\nCarvana swings to profit in Q4, touts strong year ahead\nWhatsApp faces EU tech rules after reaching very large platform status\nCF Industries reports rise in fourth-quarter profit on higher ammonia sales","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}