Carvana stock slides as profit metric misses the mark, outlook vague

Carvana (CVNA) stock tumbled on Thursday after the company posted mixed results for its fourth quarter, with revenue jumping but profits missing estimates. The e-commerce used car dealer posted revenue of $5.60 billion versus $5.27 billion estimated per Bloomberg, up 58% compared to a year ago. Carvana said retail units sold hit 163,522 compared with 157,226 estimated, a jump of 58%. But Carvana reported adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $511 million v ...