Carvana Stock Sinks 8% on Weaker Per Vehicle Profit, Wholesale Volume

Tiger Newspress

20 Feb

Carvana shares plunged 8.3% in premarket trading Thursday after the used-car retailer reported lower gross profit per vehicle and shrinking wholesale volumes for the latest quarter.

The Tempe, Arizona-based company made $359 million in adjusted earnings before interest, taxes, depreciation and amortization in the three months ended Dec. 31, above both analysts’ expectations for $330 million and the $60 million it earned a year ago. Revenue came to $3.5 billion, according to a statement released Wednesday, surpassing consensus estimates for $3.3 billion.

While Carvana projected stronger sales volumes and adjusted earnings for this year, it showed signs of weakness at both the retail and wholesale levels that could presage lower-margin growth.

Revenue per vehicle fell by $1,000 a car to just over $22,000 in the latest quarter, pushing down retail gross profit per unit by $270 to $3,226. At the wholesale level, gross profit per vehicle came to $674 — missing analysts’ forecast for $714 and below the previous quarter’s $930. Wholesale volumes undershot the consensus outlook by 3,248 vehicles.

Carvana posted earnings per share of 56 cents for the latest quarter, above analysts consensus forecast for adjusted EPS of 32 cents and unadjusted of 31 cents.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.tigerhkgo.com/news/1103960024"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1103960024\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1103960024?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-20 17:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1103960024","market":"us","top_or_hot":-1,"title":"Carvana Stock Sinks 8% on Weaker Per Vehicle Profit, Wholesale Volume","media":"Tiger Newspress","content":"<html><head></head><body><p>Carvana shares plunged 8.3% in premarket trading Thursday after the used-car retailer reported lower gross profit per vehicle and shrinking wholesale volumes for the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9224d18159ebab16fc5c196843faa86f\" tg-height=\"629\" tg-width=\"856\"/></p><p style=\"text-align: start;\">The Tempe, Arizona-based company made $359 million in adjusted earnings before interest, taxes, depreciation and amortization in the three months ended Dec. 31, above both analysts’ expectations for $330 million and the $60 million it earned a year ago. Revenue came to $3.5 billion, according to a statement released Wednesday, surpassing consensus estimates for $3.3 billion.</p><p style=\"text-align: start;\">While Carvana projected stronger sales volumes and adjusted earnings for this year, it showed signs of weakness at both the retail and wholesale levels that could presage lower-margin growth.</p><p style=\"text-align: start;\">Revenue per vehicle fell by $1,000 a car to just over $22,000 in the latest quarter, pushing down retail gross profit per unit by $270 to $3,226. At the wholesale level, gross profit per vehicle came to $674 — missing analysts’ forecast for $714 and below the previous quarter’s $930. Wholesale volumes undershot the consensus outlook by 3,248 vehicles.</p><p style=\"text-align: start;\">Carvana posted earnings per share of 56 cents for the latest quarter, above analysts consensus forecast for adjusted EPS of 32 cents and unadjusted of 31 cents.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Carvana Stock Sinks 8% on Weaker Per Vehicle Profit, Wholesale Volume</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarvana Stock Sinks 8% on Weaker Per Vehicle Profit, Wholesale Volume\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-02-20 17:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Carvana shares plunged 8.3% in premarket trading Thursday after the used-car retailer reported lower gross profit per vehicle and shrinking wholesale volumes for the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9224d18159ebab16fc5c196843faa86f\" tg-height=\"629\" tg-width=\"856\"/></p><p style=\"text-align: start;\">The Tempe, Arizona-based company made $359 million in adjusted earnings before interest, taxes, depreciation and amortization in the three months ended Dec. 31, above both analysts’ expectations for $330 million and the $60 million it earned a year ago. Revenue came to $3.5 billion, according to a statement released Wednesday, surpassing consensus estimates for $3.3 billion.</p><p style=\"text-align: start;\">While Carvana projected stronger sales volumes and adjusted earnings for this year, it showed signs of weakness at both the retail and wholesale levels that could presage lower-margin growth.</p><p style=\"text-align: start;\">Revenue per vehicle fell by $1,000 a car to just over $22,000 in the latest quarter, pushing down retail gross profit per unit by $270 to $3,226. At the wholesale level, gross profit per vehicle came to $674 — missing analysts’ forecast for $714 and below the previous quarter’s $930. Wholesale volumes undershot the consensus outlook by 3,248 vehicles.</p><p style=\"text-align: start;\">Carvana posted earnings per share of 56 cents for the latest quarter, above analysts consensus forecast for adjusted EPS of 32 cents and unadjusted of 31 cents.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVNA","symbol_name":"Carvana Co.","start_time":0,"source_url":"","article_id":"1103960024","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103960024","pubTimestamp":1740042914,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Carvana shares plunged 8.3% in premarket trading Thursday after the used-car retailer reported lower gross profit per vehicle and shrinking wholesale volumes for the latest quarter.The Tempe, Arizona-based company made $359 million in adjusted earnings before interest, taxes, depreciation and amortization in the three months ended Dec. 31, above both analysts’ expectations for $330 million and the $60 million it earned a year ago. Revenue came to $3.5 billion, according to a statement released W","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVNA":"Carvana Co."},"translate_title":"由于每辆车利润和批发量疲软，Carvana股价下跌8%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVNA":1.1},"content_text":"Carvana shares plunged 8.3% in premarket trading Thursday after the used-car retailer reported lower gross profit per vehicle and shrinking wholesale volumes for the latest quarter.The Tempe, Arizona-based company made $359 million in adjusted earnings before interest, taxes, depreciation and amortization in the three months ended Dec. 31, above both analysts’ expectations for $330 million and the $60 million it earned a year ago. Revenue came to $3.5 billion, according to a statement released Wednesday, surpassing consensus estimates for $3.3 billion.While Carvana projected stronger sales volumes and adjusted earnings for this year, it showed signs of weakness at both the retail and wholesale levels that could presage lower-margin growth.Revenue per vehicle fell by $1,000 a car to just over $22,000 in the latest quarter, pushing down retail gross profit per unit by $270 to $3,226. At the wholesale level, gross profit per vehicle came to $674 — missing analysts’ forecast for $714 and below the previous quarter’s $930. Wholesale volumes undershot the consensus outlook by 3,248 vehicles.Carvana posted earnings per share of 56 cents for the latest quarter, above analysts consensus forecast for adjusted EPS of 32 cents and unadjusted of 31 cents.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}