_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 maidstone weather forecast met office 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: 5.2M times
✓ Published: 03-May-2024
👁 View: 5.2M 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
_today39s-weather-4-a-m-124-may-4-2024.webp "Today's Weather, 4 A.M. | May 4, 2024<br/><br/>Video Courtesy of DOST-PAGASA<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/><br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/><br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/><br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/><br/>#TheManilaTimes<br/>#WeatherUpdateToday <br/>#WeatherForecast")
_04-05-24-cloudy-north-sunnier-south-afternoon-weather-forecast-uk-met-office-weather.webp "Met Office - UK Weather")
⏲ 3 minutes 39 seconds 👁 3.6K
_04-05-24-some-sunshine-some-showers-morning-weather-forecast-uk-met-office-weather.webp "Met Office - UK Weather")
⏲ 3 minutes 5 seconds 👁 7.7K
_huge-thunderstorm-hits-london-with-39biblical39-rain-as-met-office-issues-travel-and-flood-warning.webp "Huge thunderstorm hits London with 'biblical' rain as Met Office issues travel and flood warning")
⏲ 0:22 👁 16.6M
_weekend-weather-02-05-2024-any-sunshine-for-the-long-weekend-met-office-weather-forecast-uk.webp "Met Office - UK Weather")
⏲ 2 minutes 57 seconds 👁 10K
_met-office-morning-weather-forecast-0292-0592-24-heavy-rain-continues-in-the-southwest.webp "Outbreak of rain, heavy in places, will continue into early Thursday, however some of the heavy precipitation easing towards the afternoon. Fairly dry everywhere else. Temperatures raising, especially in the south. – This is the Met Office UK Weather forecast for the morning of 02/05/24. Bringing you today’s weather forecast is Aidan McGivern.<br/>")
_10-day-trend-01-05-2024-weak-jet-and-flabby-lows-met-office-weather-forecast.webp "Met Office - UK Weather")
⏲ 10 minutes 46 seconds 👁 21.8K
_02-05-24-thundery-for-some-evening-weather-forecast-uk-met-office-weather.webp "Met Office - UK Weather")
⏲ 3 minutes 57 seconds 👁 14.6K
_today39s-weather-4-a-m-124-may-4-2024.jpg)
_04-05-24-cloudy-north-sunnier-south-afternoon-weather-forecast-uk-met-office-weather.jpg)
_04-05-24-some-sunshine-some-showers-morning-weather-forecast-uk-met-office-weather.jpg)
_huge-thunderstorm-hits-london-with-39biblical39-rain-as-met-office-issues-travel-and-flood-warning.jpg)
_weekend-weather-02-05-2024-any-sunshine-for-the-long-weekend-met-office-weather-forecast-uk.jpg)
_met-office-morning-weather-forecast-0292-0592-24-heavy-rain-continues-in-the-southwest.jpg)
_10-day-trend-01-05-2024-weak-jet-and-flabby-lows-met-office-weather-forecast.jpg)
_02-05-24-thundery-for-some-evening-weather-forecast-uk-met-office-weather.jpg)
![[+]](/images/menu.gif){kind=small}