eBay, Carvana, Twilio: After-hours movers

October 30, 2024

eBay (EBAY) shares are declining in Wednesday’s after-hours trading despite beating both revenue and earnings expectations for the third quarter. The sell-off is driven by disappointing guidance as the company’s fourth quarter and fiscal year revenue forecasts fell short of Wall Street expectations. Meanwhile, Carvana (CVNA) is seeing its stock surge following impressive third quarter results. The online auto retailer topped analyst estimates on revenue and earnings, reporting a 32% year-over-year revenue increase to $3.66 billion. Twilio (TWLO) shares are also climbing after the company delivered strong third quarter performance. Investors responded positively to the communication platform’s upbeat fourth quarter forecast and raised full-year revenue guidance. 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 Angel Smith