BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Carvana Stock Dips Despite Robust Q3 Growth as EBITDA Concerns Linger
Carvana Stock Dips Despite Robust Q3 Growth as EBITDA Concerns Linger
20
1
BTCCSquare news:
Carvana shares tumbled 9% in extended trading despite posting a 55% revenue surge to $5.65 billion and 61% EPS growth. The market reacted to shrinking EBITDA margins, which contracted 40 basis points to 11.3% - a warning sign for profitability in the capital-intensive auto sector.
The online used-car dealer surpassed $20 billion annualized revenue for the first time, moving 155,941 retail units. While management maintains full-year EBITDA guidance of $2.0-$2.2 billion, investors appear skeptical about sustainable margins amid rising interest rates and inventory costs.
By:
