Carvana swings to profit in Q4, touts strong year ahead

Investing.com -- Carvana on Wednesday swung to a larger-than-expected profit in the fourth-quarter and the e-commerce used-car platform touted a strong year ahead.

Carvana Co (NYSE: CVNA) fell 11% in after-hours trading following the report.

For the three months ended Dec. 31, the company reported a earnings of $0.56 a diluted share following a loss of $1.00 a share on revenue of $3.55 billion, compared with street estimates for a EPS of $0.25 a share on revenue of $3.3B.

Looking ahead, the company said it is positioned "well for a strong 2025." The company added that it sees "significant growth" in both retail units sold and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, in full year 2025.

You May Also Be Interested In

• UBS sees a negative catalyst ahead for Nike: Here’s what to watch
• Goldman sees India AI infrastructure stocks up 60% in 2026
• Goldman Sachs stock falls after CEO warns of softer trading