U.S. equities were generally up, with the Dow Jones Industrial Average climbing more than 100 points on Friday.
Carvana Co. (CVNA) saw a significant uptick in its shares during Friday’s session after unveiling its fourth-quarter financial results. The company reported a quarterly revenue of $2.424 billion, just below the estimated $2.528 billion. In terms of earnings per share, Carvana posted a loss of $1, missing analysts’ predictions of an 88-cent loss.
Looking forward, Carvana expects a slight increase in retail units sold in the first quarter compared to the previous year. The company is also optimistic about its adjusted EBITDA for Q1, forecasting figures significantly exceeding $100 million.
On Friday, Carvana shares soared by 31.1% to settle at $68.69.
Joining Carvana in the spotlight, other major stocks showed impressive gains in the current session.
- Maravai LifeSciences Holdings, Inc. (MRVI) gained 57.8% to reach $8.06 after surpassing expectations in its fourth-quarter financial report.
- ATN International, Inc. (ATNI) rose by 31.4% to $37.23.
- Nextdoor Holdings, Inc. (KIND) experienced an 18.6% increase, closing at $2.04, following positive fourth-quarter financial results.
- Block, Inc. (SQ) climbed 16.8% to $79.36 after reporting robust Q4 sales figures and providing forward-looking guidance.
- Docebo Inc. (DCBO) jumped by 14.7% to hit $52.60 after reporting encouraging quarterly results.
- Universal Insurance Holdings, Inc. (UVE) witnessed a 12.7% climb to $19.42 post strong quarterly results.
- Gyre Therapeutics, Inc. (GYRE) surged by 12.1% to $17.93 following an announcement of Supermicro’s proposed offering of $1.5 billion of convertible senior notes due 2029.
- Tandem Diabetes Care, Inc. (TNDM) showed a 12.1% leap, closing at $28.02 amid market fluctuations post its fourth-quarter financial disclosure.
- Akero Therapeutics, Inc. (AKRO) marked an 11% climb to $26.86.
- Vir Biotechnology, Inc. (VIR) concluded 10.3% higher at $11.36 after robust sales results.
- Ventyx Biosciences, Inc. (VTYX) rose by 10.6% to $6.39.
- LegalZoom.com, Inc. (LZ) surged 10.5% to $10.87 after surpassing expectations in its Q4 financial results and issuing revenue guidance for FY24.
- Comfort Systems USA, Inc. (FIX) climbed 10.2% to $273.10 after exceeding Q4 expectations.
- Hyatt Hotels Corporation (H) saw an 8.9% increase to $147.66 post better-than-expected Q4 sales and forward guidance disclosure.
- RB Global, Inc. (RBA) experienced an 8.2% gain, closing at $73.98 after surpassing anticipated Q4 adjusted EPS figures and providing guidance.
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