05:03 PM EDT, 05/01/2024 (MT Newswires) -- Carvana ( CVNA ) rallied 35% in extended trading Wednesday, after reporting Q1 earnings of $0.23 per diluted share, compared with a loss of $1.51 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.79.

Net sales and operating revenue for the quarter ended March 31 was $3.06 billion, up from $2.61 billion a year earlier.

Analysts expected $2.69 billion.

Price: 117.50, Change: +30.41, Percent Change: +34.92