Carvana Raises 2024 Guidance. Shares Up 300% For The Year.

Benzinga

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.

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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.

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