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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.
⏲ 0:35 👁 4.9M
Rob Phelan
⏲ 5 minutes 17 seconds 👁 1.6K
Virginia Department of Taxation
⏲ 50 seconds 👁 2.4K
We ask the people of London how they’d feel if alcohol prices went up in order to tackle consumption.
⏲ 1:0 👁 33.3M
TaxSlayer Pro
⏲ 13 minutes 16 seconds 👁 3.7K
Rex Jacobsen
⏲ 11 minutes 52 seconds 👁 36.7K
Europe’s first major exhibition on kimono opens to the public on Saturday 4 May at V&A Dundee.<br/> <br/>Kimono: Kyoto to Catwalk presents the kimono as an iconic garment and a dynamic, ever-evolving icon of fashion, tracing the influence of the kimono from 17th century Japan to present-day cutting-edge couture and street fashion across the world.<br/> <br/>In the exhibition, rare 17th and 18th century kimono are displayed alongside modern designs from Issey Miyake, Yohji Yamamoto, and Alexander McQueen. The kimono’s recent reinvention on the streets of Japan is also explored through work by a new wave of contemporary designers and stylists.<br/> <br/>Arguably the ultimate symbol of Japan, the kimono is revered within the country as the embodiment of national culture and internationally regarded with fascination. This symbolic status, and the fact that its basic form has remained consistent over the centuries, means that that the kimono is often viewed as a simple, timeless garment. Kimono: Kyoto to Catwalk counters that conception, revealing how the kimono has always been a dynamic item of fashionable dress that has been restyled consistently throughout its history, influencing modern fashion and popular culture, from evening wear and festival fashion, to rock stars and Star Wars.
⏲ 1:9 👁 3.5M
Self Employed Tax Experts
⏲ 2 minutes 41 seconds 👁 200
Jason D. Knott
⏲ 5 minutes 8 seconds 👁 400
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 3M
Self Employed Tax Experts
⏲ 3 minutes 4 seconds 👁 72
Right Side Broadcasting Network
⏲ 1 hour 12 minutes 40 seconds 👁 9K
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