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Carvana: 4Q Earnings Snapshot

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TEMPE, Ariz. (AP) _ Carvana Co. (CVNA) on Thursday reported a loss of $63.3 million in its fourth quarter.

On a per-share basis, the Tempe, Arizona-based company said it had a loss of 87 cents. Losses, adjusted to extinguish debt, were 41 cents per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.

The company posted revenue of $1.83 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $1.59 billion.

For the year, the company reported that its loss widened to $171.1 million, or $2.63 per share. Revenue was reported as $5.59 billion.

Carvana shares have climbed 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $263.71, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVNA at https://www.zacks.com/ap/CVNA