澳洲幸运5官方开奖结果体彩网

Carvana Stock Sinks as Retail Sales Offset Solid Results

A Carvana glass tower

Armando L. Sanchez / Chicago Tribune / Tribune News Service via Gett🔯y Images

Key Takeaways

  • Carvana reported per-unit retail vehicle revenue declined in the fourth quarter.
  • The biggest U.S. used car retailer also gave vague guidance for the full year.
  • The news sent shares sharply lower, although they have soared in the past year.

Carvana (CVNA) shares have hit the brakes after reaching 澳洲幸运5官方开奖结果体彩网:an all-time high, tumbling 14% Thursday on concerns about retail sales and the company's outlook.

After the closing bell Wednesday, the biggest U.S. used car dealer reported fourth-quarter per-unit revenue for retail vehicles fell 4.5% year-over-year to $22,312, although it was up nearly 9% to $9,371 for wholesale vehicles.

Carvana said it expects "significant growth in both retail units sold and 澳洲幸运5官方开奖结果体彩网:Adjusted EBITDA" for the full year, but didn't provi🍌de specific numbers.

The retail revenue and guidance news offset a strong quarterly performance. The company reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.56, well above the $0.32 consensus estᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚimate of analysts surveyed by Visible Alpha. Revenue soared 46% to $3.55 billion, also ahead of forecasts🗹.

The company sold 114,379 retail units, a 50% increase from a year ag𒅌o. Wholesale unit sales were 48,770, a gain of 🦹43%.

Even with today's declines, shares of Carvana have risen 365% in the past year. 

Correction: An earlier version of this article incorrectly said the stock recently hit a record, rather than recent, high.

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