_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 whistle sound 1 hour 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
_mcdonald39s-3m-executives-sound-the-alarm-consumers-feel-the-pinch-of-higher-prices.webp "Executives from McDonald's, 3M, and other large companies warned that consumers feel the pinch of higher prices. McDonald's CEO said consumers are more discriminating with spending due to elevated day-to-day costs. 3M saw \")
_whistling-sound-effect-1-hour.webp "Sound Effect")
_10-hours-of-whistle-sounds-124-amazing-sounds-with-peter-baeten.webp "Sunville Sounds")
_dog-whistle-for-1-hour-brain-tickler.webp "crysknife007")
_josh-hutcherson-whistle-1-hour.webp "Loop Hit Music")
_mason-124part-2124.webp "Mason |Part 2| from whistle sound 1 hour")
_death39s-whistle-one-hour-loop-puss-in-boots-the-last-wish.webp "Meme Sounds Archive")
_mcdonald39s-3m-executives-sound-the-alarm-consumers-feel-the-pinch-of-higher-prices.jpg)
_whistling-sound-effect-1-hour.jpg)
_10-hours-of-whistle-sounds-124-amazing-sounds-with-peter-baeten.jpg)
_dog-whistle-for-1-hour-brain-tickler.jpg)
_josh-hutcherson-whistle-1-hour.jpg)
_mason-124part-2124.jpg)
_death39s-whistle-one-hour-loop-puss-in-boots-the-last-wish.jpg)
![[+]](/images/menu.gif){kind=small}