_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 el dealer trailer 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: 5.3M times
✓ Published: 03-May-2024
👁 View: 5.3M 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
_dealer-124-official-trailer-124-netflix.webp "Netflix")
_man-who-had-one-of-britain39s-largest-beer-collections-has-gone-from-10300-to-three.webp "A man has been forced to sell the UK's largest collection of beer cans for £25k - after it got so big he needed an extension. <br/><br/>Nick West, 65, had been gathering an impressive collection of unusual and rare cans for 42 years and had amassed 10,300 of them at his peak.<br/><br/>The father-of-two from North Somerset initially made the “heartfelt” decision to trim down his £25,000 collection - to just 1,500.<br/><br/>But two years ago, the couple moved to Ledbury, Herefordshire from Langford, in North Somerset - having previous lived in Clevedon for 33 years.<br/><br/>Moving to a smaller home meant Nick had to finally sell the remaining 1,497 cans because the couple had 'no space left for them'.<br/><br/>And he has now been left with just THREE in his once booming collection.<br/><br/>He sold the remaining cans to a couple of Italian dealers who travelled all the way from Italy especially to collect his precious collection.<br/><br/>Nick said: \")
_the-irishman-124-official-trailer-124-netflix.webp "Netflix")
_tulsa-king-124-car-dealership-scene-the-irony-is.webp "Laugh")
_the-offer-124-official-trailer-124-paramount.webp "Paramount Plus")
_dealer-124-official-teaser-124-netflix.webp "Netflix")
_trailer-por-qu-las-babosas-no-toman-sal-why-the-slugs-don39t-like-salt.webp "Tráiler del nuevo cortometraje escrito y dirigido por José Corral que mezcla imagen real con animación 3D.nnAnte la insistencia de su manager, J. J. Coco ha de volver a escribir un guión comercial. Mientras, su amante quiere regalos y su ex le grita a coro con el nene. El Héroe lloriquea, el guardia amenaza, el Barón sueña con dinero, el Chatarrero Loco con dominarlos a todos y Leopoldo, la babosa, con un poco de comida.nParece una historia absurda… lo es.nnTrailer of the new shortfilm")
_el-conde-124-official-trailer-124-netflix.webp "Netflix")
_dealer-124-official-trailer-124-netflix.jpg)
_man-who-had-one-of-britain39s-largest-beer-collections-has-gone-from-10300-to-three.jpg)
_the-irishman-124-official-trailer-124-netflix.jpg)
_tulsa-king-124-car-dealership-scene-the-irony-is.jpg)
_the-offer-124-official-trailer-124-paramount.jpg)
_dealer-124-official-teaser-124-netflix.jpg)
_trailer-por-qu-las-babosas-no-toman-sal-why-the-slugs-don39t-like-salt.jpg)
_el-conde-124-official-trailer-124-netflix.jpg)
![[+]](/images/menu.gif){kind=small}