The code represents a utility bar with a share button. The button has a minimum height and width of 32px and 64px respectively, and a transparent background color with a border radius of 2px. The button also has a hover effect that changes the background color to a light gray and an active effect that changes it to a darker gray. The button is disabled when the color is set to #ABABAB. The share button has a fill color of black and a width and height of 24px. The button has a transition effect that changes the fill color to a light blue when hovered over.The code includes a button with the label “Share” and an arrow icon. The button has a class of “css-imgb3h” and the arrow icon has a viewbox of “0 0 24 24”. The code also includes styles for the button and a divider element. The button has a class of “css-y5o35u-SquareButton” and the divider has a class of “css-oad01l-StyledDivider”. The code is responsive and includes media queries for different screen sizes.SquareButton:disabled svg{fill:#ABABAB;}.css-5espto-SquareButton:focus-visible:not(:disabled){outline-color:rgba(10,102,216,1);outline-style:solid;outline-width:2px;outline-offset:2px;}@media not all and (min-resolution: 0.001dpcm){@supports (-webkit-appearance: none) and (stroke-color: transparent){.css-5espto-SquareButton:focus-visible:not(:disabled){outline-style:auto;}}}@media screen and (prefers-reduced-motion: no-preference){.css-5espto-SquareButton{transition-property:background-color;transition-duration:200ms;transition-timing-function:cubic-bezier(0, 0, .5, 1);}}@media screen and (prefers-reduced-motion: reduce){.css-5espto-SquareButton{transition-property:background-color;transition-duration:0ms;transition-timing-function:cubic-bezier(0, 0, .5, 1);}}
Carvana Co. (CVNA) shares were up nearly 50% on Wednesday after the company released strong second quarter earnings that beat analyst expectations. The online used car retailer reported adjusted earnings per share of 32 cents, compared to the 15 cents analysts had predicted. Total revenue for the quarter totaled $794 million, up 84% year-over-year from the same quarter in 2019.
The company’s strong performance was credited to increased demand for online car buying as well as the company’s focused effort on customer experience. Carvana’s CEO Ernie Garcia said during the earnings call, “This quarter’s results demonstrate the strength of our end-to-end customer experience. Our customers are embracing Carvana’s one-stop shopping experience and integrating it into their daily lives.”
Vroom, Inc. (VRM), Carvana’s main competitor, also reported earnings on Wednesday with adjusted earnings per share of $0.17. This is significantly lower than Carvana’s 32 cents. In response to the news, Vroom shares fell nearly 10%.
In addition to Carvana’s strong quarterly numbers, the company also raised its outlook for the remainder of 2020. It now expects adjusted earnings per share of $1.30 – $1.50 compared to its previous outlook of $1.05 – $1.25.
Investors were particularly pleased by this increase and reacted positively by pushing Carvana’s shares up nearly 50% to $64.22. Looking ahead, Carvana’s strong earnings and improved outlook present the company in a very strong position and leave investors optimistic about its future.
