Carvana Q4 Revenue, Profit Beat
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profitable public automotive retailerYahoo Finance
•Business
Business & Economics
Carvana reports Q4 sales and profit beat, but stock drops on lack of guidance specificity
86% Informative
Online car dealer Carvana reported a revenue and profit beat for the fourth quarter on Wednesday .
However, its shares pulled back over 14% in early trading on Thursday .
Analysts were concerned about the lack of specificity with the company's forward guidance.
Carvana , which sells used cars exclusively online, thrived in the early part of the pandemic as US buyers desired to travel in the safety of their own vehicles.
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