Carvana Q4 earnings: Losses widen to 6 million as sales plunge

Carvana Q4 earnings: Losses widen to $806 million as sales plunge

For the whole yr, Carvana marketed 412,296 motor vehicles, down 3. percent from 2021. Its yearly per-motor vehicle gain was $3,022, down $1,515 from 2021. “From a limited-phrase perspective, it was obviously a really tough year,” Carvana CEO Ernie Garcia and CFO Mark Jenkins wrote in a letter to shareholders. “Immediately after eight consecutive decades

Stocks extend losses as hot inflation stokes rate concerns

Stocks extend losses as hot inflation stokes rate concerns

Stocks added to Thursday’s losses as jitters over a swift tightening of financial conditions increased on the heels of a multi-decade high print on inflation. The S&P 500, Dow and Nasdaq fell during a choppy session Friday. The S&P 500 had declined by 1.8{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} on Thursday and the Nasdaq dropped 2.1{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9}, as technology shares came