Carvana Co. stock is up 27.8% in premarket trades on Thursday after the car seller issued an estimate for second-quarter adjusted earnings before interest,...
Carvana Co.
stock is up 27.8% in premarket trades on Thursday after the car seller issued an estimate for second-quarter adjusted earnings before interest, taxes, depreciation and amortization of about $50 million. That’s well ahead of the latest analyst estimate for adjusted Ebitda of $100,000 for the second quarter. Carvana also said its total gross profit per unit is expected to be above $6,000 in second quarter.
stock is up 27.8% in premarket trades on Thursday after the car seller issued an estimate for second-quarter adjusted earnings before interest, taxes, depreciation and amortization of about $50 million. That’s well ahead of the latest analyst estimate for adjusted Ebitda of $100,000 for the second quarter. Carvana also said its total gross profit per unit is expected to be above $6,000 in second quarter.
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