Carvana: Q4 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Thursday reported a loss of $114 million in its fourth quarter.

On a per-share basis, the Tempe, Arizona-based company said it had a loss of $1.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 95 cents per share.

The company posted revenue of $2.42 billion in the period, which also did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $2.55 billion.

For the year, the company reported profit of $450 million, or 75 cents per share. Revenue was reported as $10.77 billion.

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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