Carvana ($CVNA) Misses Revenue, Forecasts Higher Q1 EBITDA; Stock Surges 25%

Carvana ($CVNA) misses revenue by $150 million but forecasts Q1 Adjusted EBITDA significantly higher than $100 million. The company abstains from defining Adjusted EBITDA this quarter. Despite not selling any shares in Q4, Carvana is expected to sell in Q1. The company has $530 million in the bank. Carvana's stock surges 25% after hours.