Carvana swings to profit in Q4, touts strong year ahead

Investing.com -- Carvana on Wednesday swung to a larger-than-expected profit in the fourth-quarter and the e-commerce used-car platform touted a strong year ahead.

Carvana Co (NYSE: CVNA) fell 11% in after-hours trading following the report.

For the three months ended Dec. 31, the company reported a earnings of $0.56 a diluted share following a loss of $1.00 a share on revenue of $3.55 billion, compared with street estimates for a EPS of $0.25 a share on revenue of $3.3B.

Looking ahead, the company said it is positioned "well for a strong 2025." The company added that it sees "significant growth" in both retail units sold and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, in full year 2025.

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