Yahoo Finance's Jared Blikre examines several stocks trending in the after-hours trading session.

Video Transcript

- Let's take a look at right now what's trending in after hours with Jared Blikre. Jared.

JARED BLIKRE: Well, I'm taking a look at Carvana. I was trying to find it on our earnings heat map here. It's a very small square now. So I'm going to sort by performance.

I'm not trying to make a joke. This is a stock that is still down 90%, 95% from its highs. There you go, down 96% over the last two years.

Let me give you some of the numbers here. And this is a disaster of an earnings report. The stock is only down 2% in after-hours trading. I think that tells you the expectations coming in.

Used vehicle sales for the fourth quarter, 86,977. The estimate was for about 7%, 8% higher, 94,394. And their numbers already a 23% drop from the year before.

Wholesale vehicle unit sales, 39,918. Estimate was for 42,904. So short by about 6%, 7% there. Loss per share is $7.61 versus estimates of $2.19. So they are multiple of that.

Used vehicle gross profits per unit $425. That is a 72% drop from a year ago. The estimate was $1,000.38. So basically, just coming in at a fraction of that.

Finally, here's another key metric. Wholesale vehicle gross profit per unit, $230. That's down 58% year over year. Estimate was for higher at $356.65. So don't know what else I can add to that, guys, but if you got some commentary, I'd love to hear it.

- Yeah, I mean, a few things. And you're looking at an absolute stall out for the business in Carvana, especially over the past year here. Looking at that gross profit per unit on an annualized view there, you're actually seeing that lower from $4,537 on an annualized basis down in this most recent year to $3,022 here.

So that a massive [INAUDIBLE] that we'd seen here-- [INAUDIBLE] on the retail units sold in aggregate last year. In 2021, that figure was at about $425,000, just a little bit over that in 2022, $412,000 there. So a significant decline there as well.