Carvana ($CVNA) reports mixed results for Q4, missing revenue but exceeding adjusted EBITDA expectations. The company forecasts Q1 adjusted EBITDA significantly above $100 million. Despite losses, Carvana's stock surges in after-hours trading, rallying over 15% as it posts its first-ever annual profit, leading to a significant increase in stock price and bond value. Institutional investors show confidence, with the stock up 580% over the last year.