• last month
Carvana raised its 2024 earnings guidance after exceeding Wall Street's third-quarter expectations. The company’s stock spiked 20% in after-hours trading Wednesday. Carvana projects its 2024 adjusted earnings before taxes to exceed the high end of its previous target. Carvana anticipates higher retail vehicle sales in the fourth quarter compared to the previous quarter’s vehicles. Shares of the company have surged about 300% this year.

Category

🗞
News
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Carvana raised its 2024 earnings guidance after exceeding Wall Street's third quarter
00:06expectations. The company's stock spiked 20% in after-hours trading on Wednesday.
00:12Carvana projects its 2024 adjusted earnings before taxes to exceed the high end of its
00:17previous target. Carvana anticipates higher retail vehicle sales in the fourth quarter
00:21compared to the previous quarter's vehicles. Shares of the company have surged about 300% this year.
00:27For all things money, visit Benzinga.com slash GSTV.

Recommended

1:30
I
Up next
Jennifer Lopez Says She and Ben Affleck Are 'So Lucky'
Wibbitz Top Stories
0:47
Tesla Rival Rivian Reports Steep Loss Of About $40K Per EV In Q3 As Deliveries Hit Lowest Since Q1 2023
Benzinga
0:40
Tesla Q3 Deliveries Miss Estimates, But Stock Gains More Than 30%, Erasing YTD Losses
Benzinga
0:54
This Day in History: John F. Kennedy Is Assassinated
Wibbitz Top Stories
0:32
Netflix Shares Rise In Premarket Trading After Reporting Q3 Earnings, Beating Estimates.
Benzinga
6:37
Cboe’s New Approach to Global Markets and Options for Retail Investors
Benzinga
0:37
Lowe's Beats Expectations, But Warns of Slower Sales Ahead
Benzinga
0:56
Carvana Stock Surges On Q3 Earnings: Revenue Beat, EPS Beat, Vehicle Sales Up 34% — 'We Are Just Getting Started'
Benzinga
0:38
Uber Beats Revenue Targets In Q3, Misses Gross Bookings Projection. CEO Dara Khosrowshahi Sees Opportunity To Invest In New Products
Benzinga
0:39
Target Beats Q2 Earnings Forecast, but Weak Sales Prompt Guidance Downgrade"
Benzinga
0:35
Ford’s Q3 Earnings Beat Expectations As EV Sees Losses
Benzinga
0:34
General Motors Q3 Sales Drop But Outperforms Industry Forecasts. EV Sales Surge 60%
Benzinga
0:43
Tesla Stock Soars 22% After Earnings Beat, Posting Best Day In Over A Decade
Benzinga
0:42
Hyundai Shares Dip On Q3 Profit Decline Amid Slowing Demand
Benzinga
0:34
Volkswagen’s Q3 Profit Drops Over 40%, Sales Revenue And Vehicle Sales Decline
Benzinga
0:37
Dollar General Shares Dive 25% After Slashing Sales Outlook, Cites Struggles Among Its Lower-Income Customers
Benzinga
0:38
GM Reports Best Quarterly Sales in 3 Years, Driven by Full-Size Pickup Sales
Benzinga
0:33
Mattel, Hasbro Cut Year-End Outlook Amid Weak Toy Sales. Toymakers See Shares Decline
Benzinga
0:38
Uber Beats Revenue Estimates, Sees Robust Demand and Consumer Spending Shifts Fueling Marketplace Expansion
Benzinga
4:05
General Motors Q3 Earnings: Revenue And EPS Beat, Raises Annual Profit Outlook On Growing Consumer Demand
Benzinga
0:39
Tesla Misses Revenue Target, But Earnings Outperform. CEO Elon Musk Predicts 20%-30% Vehicle Growth in 2025.
Benzinga
0:32
DoorDash Exceeds Revenue Expectations in Q2 Performance, Sees Surge in Total Orders
Benzinga
0:27
Texas Instruments Beats Earnings Estimate For 4th Consecutive Quarter
Benzinga
0:40
Wells Fargo's Second Quarter Net Interest Income Falls Short of Expectations, Stock Price Drops
Benzinga
0:34
American Airlines Raises Profit Forecast Despite Q3 Loss
Benzinga