Carvana's stock rallies as company boosts outlook, cheers 'lasting business improvements'

Carvana Co.’s stock CVNA was rising more than 8% in Wednesday’s premarket trading after the used-car retailer revised its outlook. Carvana now expects third-quarter adjusted earnings before interest, taxes, depreciation and amortization of more than $75 million, whereas it was previously calling for “positive” performance on the non-GAAP metric. Analysts tracked by FactSet had been anticipating $46 million.

Carvana now expects third-quarter adjusted earnings before interest, taxes, depreciation and amortization of more than $75 million, whereas it was previously calling for “positive” performance on the non-GAAP metric. Analysts tracked by FactSet had been anticipating $46 million. The company also now models adjusted total gross profit per unit upwards of $5,500, while it previously told investors to expect more than $5,000.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day. WeWork's stock fell 26% in extended trading Tuesday after the news was released, bringing its market cap below $500 million.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »