Carvana Posts Q4 Results, Joins LegalZoom.com, Comfort Systems And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | February 23, 2024 12:58pm

U.S. stocks were mostly higher, with the Dow Jones index gaining more than 100 points on Friday.

Shares of Carvana Co. (NYSE:CVNA) rose sharply during Friday’s session after the company reported fourth-quarter financial results.

Carvana reported fourth-quarter revenue of $2.424 billion, which missed the consensus estimate of $2.528 billion, according to Benzinga Pro. The company reported quarterly loss of $1 per share, which missed analyst estimates for a loss of 88 cents per share.

Carvana expects retail units sold in the first quarter to be “slightly up” on a year-over-year basis. The company anticipates first-quarter adjusted EBITDA “significantly above” $100 million.

Carvana shares surged 31.1% to $68.69 on Friday.

Here are some other big stocks recording gains in today’s session.

• Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI) shares climbed 57.8% to $8.06 after the company reported better-than-expected fourth-quarter financial results.
• ATN International, Inc. (NASDAQ:ATNI) climbed 31.4% to $37.23.
• Nextdoor Holdings, Inc. (NASDAQ:KIND) rose 18.6% to $2.04 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.
• Block, Inc. (NYSE:SQ) climbed 16.8% to $79.36 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
• Docebo Inc. (NASDAQ:DCBO) climbed 14.7% to $52.60 following upbeat quarterly results.
• Universal Insurance Holdings, Inc. (NYSE:UVE) shares gained 12.7% to $19.42 following strong quarterly results.
• Tandem Diabetes Care, Inc. (NASDAQ:TNDM) jumped 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.
• Akero Therapeutics, Inc. (NASDAQ:AKRO) climbed 11% to $26.86.
• Vir Biotechnology, Inc. (NASDAQ:VIR) gained 10.3% to $11.36 following strong sales results.
• Ventyx Biosciences, Inc. (NASDAQ:VTYX) rose 10.6% to $6.39.
• LegalZoom.com, Inc. (NASDAQ:LZ) climbed 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
• Comfort Systems USA, Inc. (NYSE:FIX) gained 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.
• Hyatt Hotels Corporation (NYSE:H) gained 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
• RB Global, Inc. (NYSE:RBA) gained 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.

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Posted In: AKRO ATNI CVNA DCBO FIX GYRE H KIND LZ MRVI RBA SQ TNDM UVE VIR VTYX