Carvana, the online used car retailer, experienced a 16.5% drop in stock value on Thursday after releasing its Q4 2024 earnings, which surpassed Wall Street expectations. The company's metrics showed impressive gains with an EPS of $0.56 compared to the expected $0.31, and a 46% revenue increase to $3.55 billion. However, declining retail profit per vehicle and a vague outlook for 2025 led investors to react negatively, fearing future profitability despite current growth, following a significant rally in share price over the past two years.
Online used car retailer Carvana saw a 16.5% decline in stock value post Q4 earnings report that exceeded expectations, despite strong past performance.
Collection
[
|
...
]