{"id":290946,"date":"2026-02-19T02:58:09","date_gmt":"2026-02-19T02:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/290946\/"},"modified":"2026-02-19T02:58:09","modified_gmt":"2026-02-19T02:58:09","slug":"stocks-rise-as-ai-anxiety-abates-and-investors-shake-off-fed-minutes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/290946\/","title":{"rendered":"Stocks rise as AI anxiety abates and investors shake off Fed minutes"},"content":{"rendered":"

Carvana craters after Q4 earnings miss estimates<\/a><\/p>\n

Used car retailer Carvana<\/a> plummeted after fourth-quarter profits came in shy of estimates.<\/p>\n

Adjusted EBITDA of $511 million came in below the consensus call for $535.7 million, more than offsetting better-than-expected sales of $5.6 billion (estimate: $5.27 billion).<\/p>\n

Carvana sold 163,522 used vehicles to retail customers in the quarter, up 43% from last year and ahead of expectations. With that result, Carvana further closes its retail sales gap with rival CarMax<\/a>, which sold 169,557 vehicles in its most recent quarter.<\/p>\n

Carvana posted a retail gross profit per vehicle of $3,076, down 7.7% from the same period last year. In a letter to shareholders, Carvana said its reconditioning costs came in higher than expected in Q4, which led to an additional impact on retail gross profit per unit. Lower shipping fee revenue, higher non-vehicle costs, and higher industrywide retail depreciation rates also drove the decline, the company said. <\/p>\n

Carvana said it expects to see elevated reconditioning costs again in the first quarter, but expects a sequential increase in retail GPU. Carvana said it expects \u201csignificant growth in both retail units sold and Adjusted EBITDA\u201d in the first quarter and full year ahead.<\/p>\n

As of Wednesday\u2019s close, Carvana shares were down about 24% since an all-time closing high in January, after a report from short seller Gotham City questioning its accounting practices<\/a> sent the stock reeling. A Carvana spokesperson told Sherwood News that the report was \u201cinaccurate and intentionally misleading.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Carvana craters after Q4 earnings miss estimates Used car retailer Carvana plummeted after fourth-quarter profits came in shy…\n","protected":false},"author":2,"featured_media":290947,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,111,139,69,145],"class_list":{"0":"post-290946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-new-zealand","12":"tag-newzealand","13":"tag-nz","14":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/290946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=290946"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/290946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/290947"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=290946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=290946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=290946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}