Carvana Shares Soar on Upbeat Forecast for Core Profit, Retail Sales
big upside surprise," Huber Research Partners analyst Douglas Arthur said.Adjusted earnings before interest, tax, depreciation and amortization in the first quarter were $235 million, exceeding capital expenditures and interest expense. Analysts had expected $135.9 million in adjusted core earnings.The company reported a first-quarter profit of $49 million, compared with analysts' estimates of $31.2 million, according to LSEG data.The total supply of unsold used vehicles on dealer lots across th