ROOT - Why Carvana Shares Are Jumping Today | Benzinga
Carvana Co. (NYSE:CVNA) shares are trading higher in the premarket session on Thursday.
Yesterday, after the bell, the company reported first-quarter 2024 results, growing retail units by 16% year-over-year.
The company reported an adjusted EBITDA of $235 million, compared with a $(24) million loss a year ago. Adjusted EBITDA margin stood at 7.7%, compared with negative 0.9% a year ago.
Check This Out: Carvana Stock Jumps On Q1 Earnings: Revenue Beat, Vehicles Sold Up 16%, Strong Guidance And More
“I really do think in terms of just a single quarter carrying meaning about what the future holds for us. If we execute properly, I think this is probably our biggest ...