Carvana stock rallies on Q4 earnings

Carvana Co (NYSE: CVNA) soared in extended hours on Thursday even though it reported worse than expected financial results for its fourth quarter. Why is Carvana stock up in after-hours?Copy link to sectionThe online used cars retailer saw its full-year adjusted gross profit per unit come in at $5,730 – up 115% more versus 2022. Carvana now forecasts a slight year-on-year increase in retail units sold in its current financial quarter. Ernest Garcia III – the chief executive of Carvana Co said in a press re ...