_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 lakme rose powder price 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: 4.8M times
✓ Published: 03-May-2024
👁 View: 4.8M 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
Related Videos
_lakme-whitening-rose-powder-vs-lakme-rose-powder-124-comparison-of-lakme-rose-powder-with-sunscreen.webp "Beauty Express")
⏲ 3 minutes 37 seconds 👁 9.6K
_do-you-need-to-eat-meat-to-get-protein.webp "Wondering if you need to eat meat to get protein into your diet? Discover alternative sources of protein, from plant-based to powder supplements.")
_lakme-rose-powder-with-sunscreen-review-shade-no-01-soft-pink-affordable-face-powder-for-everyday.webp "RARA")
⏲ 5 minutes 14 seconds 👁 63.1K
_lakme-rose-powder-02-warm-pink-shorts-youtubeshorts-ytshortsindia-youtubeshortsfeature.webp "Little Needs")
⏲ 22 seconds 👁 154.3K
_episode-4-loose-powder-makeup-basics-with-jojo.webp "JYOTII SETHI")
_top-10-whitening-compact-powder-under-300-124124-best-compact-powder.webp "Rohit Sachdeva")
_sneak-peek-at-the-season-finale-of-cbs39-ghosts.webp "Prepare for a sneak peek at the season finale of the CBS uproarious comedy series Ghosts, Season 3 Episode 10. Join the dynamic ensemble cast including Rose McIver, Utkarsh Ambudkar, Devan Chandler Long, Sheila Carrasco and more. Dive into the laughter-filled episodes of Ghosts Season 3, available for streaming on Paramount+!<br/><br/>Ghosts Cast:<br/><br/>Rose McIver, Utkarsh Ambudkar, Brandon Scott Jones, Richie Moriarty, Asher Grodman, Rebecca Wisocky, Devan Chandler Long, Danielle Pinnock, John Hartman, RomÃĄn Zaragoza, Caroline Aaron and Sheila Carrasco<br/><br/>Stream Ghosts Season 3 now on Paramount+!")
_lakme-9to5-cc-light-mousse-shade-testing-124-rara-124-foundation-for-oily-skin-for-summer-124-lakme-cc.webp "RARA")
⏲ 59 seconds 👁 371.2K
_lakme-whitening-rose-powder-vs-lakme-rose-powder-124-comparison-of-lakme-rose-powder-with-sunscreen.jpg)
_do-you-need-to-eat-meat-to-get-protein.jpg)
_lakme-rose-powder-with-sunscreen-review-shade-no-01-soft-pink-affordable-face-powder-for-everyday.jpg)
_lakme-rose-powder-02-warm-pink-shorts-youtubeshorts-ytshortsindia-youtubeshortsfeature.jpg)
_episode-4-loose-powder-makeup-basics-with-jojo.jpg)
_top-10-whitening-compact-powder-under-300-124124-best-compact-powder.jpg)
_sneak-peek-at-the-season-finale-of-cbs39-ghosts.jpg)
_lakme-9to5-cc-light-mousse-shade-testing-124-rara-124-foundation-for-oily-skin-for-summer-124-lakme-cc.jpg)
![[+]](/images/menu.gif){kind=small}