_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 scs rate study 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
_cima-strategic-case-study-scs-may-2024-saefwell-webinar-03-answering-technique.webp "Study at TCS")
⏲ 1 hour 29 minutes 19 seconds 👁 204
_rail-network-should-the-railway-be-renationalised.webp "After years of rising rates of train delays and poor service, would you support the renationalisation of Britain's rail network?")
_cima-strategic-case-study-scs-may-aug-2024-saefwell.webp "Keystone Academia")
_cima-strategic-case-study-scs-may-2024-saefwell-webinar-01-study-plan.webp "Study at TCS")
⏲ 1 hour 4 minutes 6 seconds 👁 413
_what-is-a-competitive-sat-score-for-college.webp "Ritesh Verma")
_how-to-get-a-1500-on-your-sat-in-1-month-study-plan-tips.webp "Shiori Harima")
_how-planting-native-trees-can-protect-your-property-from-climate-change-and-landslides.webp "A recent study suggests that reinforcing slopes with native trees and shrubs could be an effective and sustainable solution to reduce landslides, especially with the potential for increased heavy rain due to climate change and a possible return to La Niña.")
_why-you-don39t-understand-ict-time-and-price-124-pt-1-cbdr-asian-range.webp "Casper SMC")
⏲ 10 minutes 28 seconds 👁 21.7K
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(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!)
_cima-strategic-case-study-scs-may-2024-saefwell-webinar-03-answering-technique.jpg)
_rail-network-should-the-railway-be-renationalised.jpg)
_cima-strategic-case-study-scs-may-aug-2024-saefwell.jpg)
_cima-strategic-case-study-scs-may-2024-saefwell-webinar-01-study-plan.jpg)
_what-is-a-competitive-sat-score-for-college.jpg)
_how-to-get-a-1500-on-your-sat-in-1-month-study-plan-tips.jpg)
_how-planting-native-trees-can-protect-your-property-from-climate-change-and-landslides.jpg)
_why-you-don39t-understand-ict-time-and-price-124-pt-1-cbdr-asian-range.jpg)
❮❯
1 / 10
2 / 10
Play 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!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}