Carvana gave an upbeat outlook for used car sales late Wednesday after easily beating earnings and revenue estimates for the fourth quarter of 2024. But Carvana stock plunged in extended trading. CarGurus follows late Thursday.

The Tempe, Arizona-based company said it had profit of 56 cents per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

Palantir shares closed 10% lower on Wednesday on a Washington Post report that the Trump administration wants to cut Defense Department spending. Asking for a Trend Host Julie Hyman reports the details in the video above. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Stephanie Mikulich.

Celsius’ sudden notice that the energy drink maker will report earnings and participate in a conference was viewed as positive by investors.

Shares of Super Micro Computer (SMCI) notched their fifth straight session of gains Wednesday as momentum continued to build after the company’s business update last week. Supermicro shares gained 8% Wednesday, making the company one of the top performers in the S&P 500—just a day after the stock overtook Palantir Technologies (PLTR) as the best-performing S&P 500 component this year. During Supermicro’s business update last week, Chief Executive Officer Charles Liang said sales could reach $40 billion in 2026, driven by demand for artificial intelligence data-center servers.

Investing.com -- Toast Inc fluctuated between gains and losses in after-hours trading as the company reported quarterly earnings that missed analyst expectations but posted a better-than-expected revenue. The company posted fourth-quarter per share profit of $0.05, falling by $0.12 short of Wall Street estimates of $0.17 Revenue for the quarter came in at $1.34 billion, surpassing analysts’ expectations of $1.31 billion.

Online used car dealer Carvana (NYSE: CVNA) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 46.3% year on year to $3.55 billion.

We recently published a list of 15 Most Promising Technology Stocks to Buy Now. In this article, we are going to take a look at where Clear Secure, Inc. (NYSE:YOU) stands against other most promising technology stocks to buy now. The global technology sector is on track for strong earnings growth in 2025, driven by […]

EXAS) on Wednesday reported a loss of $864.6 million in its fourth quarter. On a per-share basis, the Madison, Wisconsin-based company said it had a loss of $4.67. Losses, adjusted for one-time gains and costs, came to 6 cents per share.

BOSTON (AP) — Toast Inc. TOST) on Wednesday reported fourth-quarter profit of $33 million. On a per-share basis, the Boston-based company said it had net income of 5 cents.