Carvana ($CVNA) misses revenue by $150 million but forecasts Q1 Adjusted EBITDA significantly higher than $100 million. The company abstains from defining Adjusted EBITDA this quarter. Despite not selling any shares in Q4, Carvana is expected to sell in Q1. The company has $530 million in the bank. Carvana's stock surges 25% after hours.
$CVNA +25% after hrs. We are so, soooooo, sooooooooo back.
Good News - $CVNA did Not sell any Shares in Q4! Bad news: they will likely dump in Q1! Still losing money but not as much... $530M in the bank. https://t.co/TO7SRbZO4V
$CVNA Double Miss:
$CVNA misses rev by $150M, but don't worry it forecasts Q1 Adj EBITDA "significantly > $100M". In the past "adj EBITDA" was basically Gross Profit - but this Q co. ABSTAINS from defining it bc...it's just too complicated. 🤡🤡🤡
Let's see if anyone can do the $CVNA math here: https://t.co/0fQ59Krqau