Carvana beats Wall Street's second-quarter expectations, guides toward record year

In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Shares of Carvana jumped as much as 12% during after-hours trading Wednesday as the company topped Wall Street's expectations for the second quarter and disclosed expectations of at least $1 billion in adjusted earnings for 2024. Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: 14 cents vs. a loss of 7 cen ...