_carvana-reports-stellar-q1-results-as-high-interest-rates-push-buyers-to-the-used-car-market-shares-soar-30.jpg "Carvana Reports Stellar Q1 Results, as High Interest Rates Push Buyers to the Used Car Market. Shares Soar 30%. from 10 day forecast for germantown md Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:35
👁 View: 5.1M times
✓ Published: 03-May-2024
👁 View: 5.1M times
✓ Published: 03-May-2024
Description:
Carvana shares soared over 30% in after-hours trading after reporting first-quarter revenue of more than a billion, beating analyst estimates. The company forecast a sequential rise in adjusted core profit and retail unit sales growth, surprising analysts who expected a sales decline. Adjusted earnings before interest, tax, depreciation, and amortization were more than $200 million, exceeding estimates. Carvana's inventory of unsold used vehicles on dealer lots rose 9% from a year ago. High interest rates have pushed some consumers to the used car market for better deals than new vehicles.
Carvana shares soared over 30% in after-hours trading after reporting first-quarter revenue of more than a billion, beating analyst estimates. The company forecast a sequential rise in adjusted core profit and retail unit sales growth, surprising analysts who expected a sales decline. Adjusted earnings before interest, tax, depreciation, and amortization were more than $200 million, exceeding estimates. Carvana's inventory of unsold used vehicles on dealer lots rose 9% from a year ago. High interest rates have pushed some consumers to the used car market for better deals than new vehicles.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_10-day-trend-01-11-2023-staying-stormy-met-office-weather-forecast-uk.webp "Met Office - UK Weather")
⏲ 12 minutes 49 seconds 👁 77.4K
_weekend-weather-0292-0592-2024-bank-holiday-forecast.webp "This is the Met Office UK Weather forecast for the weekend 02/05/2024. It’s a bank holiday weekend so of course the weather is a bit mixed. Bringing you this weekend’s weather forecast is Alex Deakin.")
_latest-10-day-forecast.webp "KJRH -TV | Tulsa | Channel 2")
_10-day-trend-07-02-2024-how-cold-will-it-be-next-week-met-office-weather-forecast.webp "Met Office - UK Weather")
⏲ 8 minutes 40 seconds 👁 66.7K
_dfw-weather-124-rain-forecast-over-weekend-in-10-day-forecast.webp "WFAA")
_dfw-weather-124-strong-winds-hail-possible-saturday-in-10-day-forecast.webp "WFAA")
_south-tyneside-headlines-may-1-mum-raises-concerns-over-hmo-plans.webp "A round-up of some of the most-read recent stories at www.shieldsgazette.com, plus the weather forecast")
_maryland39s-weekend-weather-forecast.webp "WBAL-TV 11 Baltimore")
_10-day-trend-01-11-2023-staying-stormy-met-office-weather-forecast-uk.jpg)
_weekend-weather-0292-0592-2024-bank-holiday-forecast.jpg)
_latest-10-day-forecast.jpg)
_10-day-trend-07-02-2024-how-cold-will-it-be-next-week-met-office-weather-forecast.jpg)
_dfw-weather-124-rain-forecast-over-weekend-in-10-day-forecast.jpg)
_dfw-weather-124-strong-winds-hail-possible-saturday-in-10-day-forecast.jpg)
_south-tyneside-headlines-may-1-mum-raises-concerns-over-hmo-plans.jpg)
_maryland39s-weekend-weather-forecast.jpg)
![[+]](/images/menu.gif){kind=small}