Online car dealer Carvana reported a revenue and profit beat for the fourth quarter, as the company continued its push into profitability. However shares pulled back as much as 10% in after hours trading, after the company's stock hit a fresh 52-week high earlier in the day.
For the fourth quarter, Carvana (CVNA) posted revenue of $3.55 billion vs $3.34 billion, estimated per Bloomberg consensus estimates, up 32% from a year ago, though lower than the $3.66 billion reported in Q3. Carvana report Q4 EPS of $0.56 vs $0.31 estimated, with adjusted EBITDA coming in at $359 million vs $329.