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Carvana Reports Record Level 2024 Revenue, Becomes ‘Most Profitable' Car Retailer in US - RetailWire

Summary by retailwire.com

Carvana's fourth-quarter earnings surged 32% versus the same period in 2023.

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retailwire.com

Carvana Reports Record Level 2024 Revenue, Becomes ‘Most Profitable' Car Retailer in US - RetailWire

Carvana's fourth-quarter earnings surged 32% versus the same period in 2023.

2 days ago

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Auto Remarketing

Carvana Q4 results cap year of redemption for used-car retailer

Carvana redeemed itself in 2024, emerging as one of the most profitable and fastest growing publicly listed auto retailers. In the company's latest earnings call, CEO Ernie Garcia said 2024 “will always be a defining year in the Carvana story.” For the full year, Carvana sold 416,348 retail units ... TO READ THE FULL STORY BECOME A MEMBER Login The post Carvana Q4 results cap year of redemption for used-car retailer appeared first on Auto Rema…

1 day ago

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Wall Street Pit

Carvana Stock Tanks Despite Strong Q4 - Wall Street Pit

Carvana (CVNA) stock dipped more than 15% in early trading Thursday, despite a strong Q4. The company reported earnings of $0.56 per share, beating estimates by $0.25, and revenues up 46.3% to $3.55 billion, exceeding the $3.34 billion consensus. The used-car dealer reported a record 2024 with $13.67 billion in…

2 days ago

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CBT Automotive Network

Carvana beats Q4 estimates, projects strong growth for 2025

Carvana exceeded Wall Street’s fourth-quarter sales and earnings expectations but saw its stock drop following the announcement. Despite strong financial performance, shares fell 8.3% in after-hours trading to $258.50, likely due to its 450% surge over the past year, making investor reactions unpredictable. The online car retailer reported $3.5 billion in revenue, surpassing the $3.3 billion estimate, and adjusted EBITDA of $359 million, beating…

2 days ago

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Verve times

Carvana (CVNA) earnings Q4 2024

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter while guiding for another “strong” year in 2025. Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth in both retail units sold and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, including seque…

3 days ago

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