Loading...
Market
How will Carvana's stock price perform by the end of 2024?
5
Resolution / Starting Odds
Increase by 10% or more • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by 10% or more • 25%
Stock market data
Story
Carvana Posts First Quarterly Profit, Shares Surge 30%
May 1, 2024, 08:44 PM
Carvana Co. reported a significant turnaround with its first quarterly profit, marking a milestone for the company. In the first quarter, Carvana achieved a net income of $49 million, a sharp contrast to a loss of $286 million in the same period last year. This profit was supported by a 16% increase in retail units sold year-over-year, totaling 91,878 vehicles. The company also posted record figures in key profitability metrics, including a $235 million Adjusted EBITDA. These results led to a 30% surge in Carvana's stock price in after-hours trading, reflecting investor optimism. Additionally, Carvana's revenue for the quarter reached $3.06 billion, surpassing analysts' expectations of $2.67 billion.
View original story
Similar markets
0-10% • 25%
11-20% • 25%
21-30% • 25%
More than 30% • 25%
Above $250 million • 25%
Between $200 million and $250 million • 25%
Between $150 million and $200 million • 25%
Below $150 million • 25%
Increase • 33%
Remain the same • 34%
Decrease • 33%
Increase • 33%
Remain the same • 34%
Decrease • 33%
5-10% • 25%
11-15% • 25%
16-20% • 25%
More than 20% • 25%
Yes • 50%
No • 50%
350,000-400,000 • 25%
400,001-450,000 • 25%
450,001-500,000 • 25%
More than 500,000 • 25%
20% increase or more • 25%
10-20% increase • 25%
0-10% increase • 25%
No increase or decrease • 25%