Key Takeaways
- Carvana reported per-unit retail vehicle revenue declined in the fourth quarter.
- The biggest U.S. used car retailer also gave vague guidance for the full year.
- The news sent shares sharply lower, although they have soared in the past year.
Carvana (CVNA) shares have hit the brakes after reaching 澳洲幸运5官方开奖结果体彩网:an all-time high, tumbling 14% Thursday on concerns about retail sales and the company's outlook.
After the closing bell Wednesday, the biggest U.S. used car dealer reported fourth-quarter per-unit revenue for retail vehicles fell 4.5% year-over-year to $22,312, although it was up nearly 9% to $9,371 for wholesale vehicles.
Carvana said it expects "significant growth in both retail units sold and 澳洲幸运5官方开奖结果体彩网:Adjusted EBITDA" for the full year, but didn't provi🍌de specific numbers.
The retail revenue and guidance news offset a strong quarterly performance. The company reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.56, well above the $0.32 consensus estᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚimate of analysts surveyed by Visible Alpha. Revenue soared 46% to $3.55 billion, also ahead of forecasts🗹.
The company sold 114,379 retail units, a 50% increase from a year ag𒅌o. Wholesale unit sales were 48,770, a gain of 🦹43%.
Even with today's declines, shares of Carvana have risen 365% in the past year.
Correction: An earlier version of this article incorrectly said the stock recently hit a record, rather than recent, high.
:max_bytes(150000):strip_icc()/CVNA_2025-02-20_09-36-33-556dcf2eb9e344858371c310b83f8e33.png)
TradingView