eBay, Carvana, Twilio: After-hours Movers

eBay, Carvana, and Twilio, three prominent companies from different sectors, saw significant movements in their stock prices during after-hours trading. This article will delve into the reasons behind these moves and analyze their implications for investors.


eBay Inc. (EBAY) shares declined in Wednesday's after-hours trading despite beating both revenue and earnings expectations for the third quarter. The sell-off was driven by disappointing guidance as the company's fourth quarter and fiscal year revenue forecasts fell short of Wall Street expectations. eBay forecast fourth-quarter revenue to be between $2.53 billion and $2.59 billion, below the average analyst estimate of $2.65 billion. The company also forecast fiscal year 2024 revenue to be between $10.23 billion and $10.29 billion, below the average analyst estimate of $10.32 billion. eBay's guidance reflects a cautious outlook on discretionary spending and the broader economic environment.


Carvana Co. (CVNA) shares surged in extended Wednesday trading following impressive third quarter results and a bullish outlook. The online auto retailer topped analyst estimates on revenue and earnings, reporting a 34% year-over-year revenue increase to $3.66 billion. The company also forecast fourth quarter revenue between $2.53 billion and $2.59 billion, below Wall Street expectations of $2.65 billion, but still indicating strong growth. Carvana's guidance for fiscal year 2024 revenue was also below estimates, at $10.23 billion to $10.29 billion compared to expectations of $10.32 billion. Despite the slight miss on guidance, investors responded positively to Carvana's strong third quarter performance and upbeat fourth quarter forecast, driving the stock price higher.


Twilio Inc. (TWLO) shares rose 9.11% in after-hours trading on October 30, 2024, following an upbeat third quarter performance and raised guidance for the full year 2024. The company reported revenue of $1.134 billion, up 10% year-over-year, and non-GAAP income from operations of $182 million, surpassing expectations. Twilio also raised its full-year 2024 guidance for non-GAAP income from operations to $700 - $710 million and increased its organic revenue growth guidance to 7.5% - 8%. Investors responded positively to the company's strong performance and optimistic outlook, pushing the stock price higher in after-hours trading.


In conclusion, the after-hours movements of eBay, Carvana, and Twilio reflect the diverse performance and outlooks of these companies. While eBay's guidance raised concerns about discretionary spending and the broader economic environment, Carvana's strong third quarter results and bullish outlook boosted investor confidence. Twilio's upbeat performance and raised guidance for the full year 2024 also drove its stock price higher. Investors should carefully analyze these developments and consider the specific circumstances of each company when making investment decisions.