February 23, 2024 11:58 AM | 2 min read
U.S. stocks were mostly higher, with the Dow Jones index gaining more than 100 points on Friday.
Carvana Co. (CVNA) shares rose sharply as the company reported fourth-quarter financial results.
Carvana reported Q4 revenue of $2.424 billion, coming in slightly below estimates, with a quarterly loss of $1 per share.
The company expects to see an increase in retail units sold in Q1 compared to the previous year, with adjusted EBITDA projected to be significantly above $100 million.
Shares of Carvana surged 31.1% to $68.69 on Friday.
Joining the surge were other major stocks:
- Maravai LifeSciences Holdings, Inc. (MRVI) climbed 57.8% to $8.06 on strong Q4 results.
- ATN International, Inc. (ATNI) rose 31.4% to $37.23.
- Nextdoor Holdings, Inc. (KIND) jumped 18.6% to $2.04 after reporting Q4 results and a new CEO.
- Block, Inc. (SQ) climbed 16.8% to $79.36 on robust Q4 sales.
- Docebo Inc. (DCBO) gained 14.7% to $52.60 following positive quarterly results.
- Universal Insurance Holdings, Inc. (UVE) saw a 12.7% increase to $19.42 after strong quarterly results.
- Tandem Diabetes Care, Inc. (TNDM) jumped 12.1% to $28.02 post volatile Q4 earnings.
- Akero Therapeutics, Inc. (AKRO) climbed 11% to $26.86.
- Vir Biotechnology, Inc. (VIR) gained 10.3% to $11.36 after impressive sales results.
- Ventyx Biosciences, Inc. (VTYX) rose 10.6% to $6.39.
- LegalZoom.com, Inc. (LZ) climbed 10.5% to $10.87 with strong Q4 results and FY24 revenue guidance.
- Comfort Systems USA, Inc. (FIX) gained 10.2% to $273.10 on better-than-expected Q4 results.
- Hyatt Hotels Corporation (H) saw an 8.9% increase to $147.66 after solid Q4 sales.
- RB Global, Inc. (RBA) rose 8.2% to $73.98 following strong Q4 adjusted EPS and guidance.
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