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Carvana stock pops as used car retailer reports record first-quarter results
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Carvana stock pops as used car retailer reports record first-quarter results

CNBC·Michael Wayland·about 1 month ago
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In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Justin Sullivan | Getty Images Shares of Carvana jumped by as much as 10% in extended trading after the company reported record results during the first quarter that topped Wall Street's expectations. Here's how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share:  $1.69 vs. $1.43 expected Revenue:  $6.43 billion vs. $6.08 billion expected The online used car retailer reported adjusted earnings before interest, taxes, depreciation and amortization of $672 million, and net income of $405 million, up from $373 million a year earlier. Carvana reported retail sales of 187,393 units, a 40% increase compared with a year earlier. Its revenue was $6.43 billion, up 52% from a year ago.…

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