_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 nollywood movie the man after my heart 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
_the-thing-about-men-bimbo-ademoye-ekamma-etim-inyang-124-latest-full-nigerian-movies-2024.webp "Royal Arts TV")
⏲ 1 hour 39 minutes 27 seconds 👁 655.8K
_the-man-in-my-bed-maurice-sam-sarian-martin-sandra-ifudu.webp "LEMON NOLLY TV")
_arti-singh-dipak-chauhan-cute-video.webp "Newlywed Arti Singh shares a romantic picture and video from her Sasural, Netizens Reacts.Watch Out <br/> <br/>#ArtiSingh #Wedding #ArtiSinghWedding #InsideVideo<br/>~PR.128~ED.141~")
⏲ 3:1 👁 2.9M
_love-spice-maurice-sam-chioma-nwaoha-latest-2024-exclusive-nigerian-nollywood-movie-new.webp "BossLadyFlix")
⏲ 1 hour 45 minutes 35 seconds 👁 536.8K
_the-thing-about-men-bimbo-ademoye-ekamma-etim-inyang-124-latest-full-nigerian-movies-2024.jpg)
_the-man-in-my-bed-maurice-sam-sarian-martin-sandra-ifudu.jpg)
_arti-singh-dipak-chauhan-cute-video.jpg)
_love-spice-maurice-sam-chioma-nwaoha-latest-2024-exclusive-nigerian-nollywood-movie-new.jpg)
![[+]](/images/menu.gif){kind=small}