Reported 1 day ago
Carvana reported a strong Q4 with higher revenue and profit exceeding expectations, yet its shares fell over 14% following the earnings report due to analysts’ concerns about vague future guidance. The online car dealer's revenue reached $3.55 billion, a 32% year-on-year increase, while it achieved record adjusted EBITDA for the year. Despite its robust performance and growth projections for 2025, the company's shares dropped following the earnings announcement.
Source: YAHOO