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0.00113554726425796 0.000556186415146699 2.31744339644293E-05 9.26977358577174E-05 0.00164538481147593 0.000556186415146699 0.000440314245324553 0.0031053741512363
Stock impact report

Carvana stock pops as used car retailer reports record first-quarter results [MSNBC.com]

Carvana Co. Class A (CVNA) 
Last carvana co. class a earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.carvana.com
Company Research Source: MSNBC.com
Key PointsIn this articleCVNn an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California.Justin Sullivan | Getty ImagesShares ofHere's how the company performed in the first quarter, compared with average estimates compiled by LSEG:The online used car retailer reported adjusted earnings before interest, taxes, depreciation and amortization of $672 million, and net income of $405 million, up from $373 million a year earlier.Carvana reported retail sales of 187,393 units, a 40% increase compared with a year earlier. Its revenue was $6.43 billion, up 52% from a year ago.The company does not release annual guidance but said it expects sequential increase in both retail units sold and adjusted EBITDAShares of Carvana, which has a roughly $87 billion market cap, are off 6% in 2026, but are roughly 63% higher over the past year.Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in Show less Read more
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