Carvana Falls as Higher Costs Trim Used-Car Seller’s Profit

Carvana Co.’s shares fell after higher-than-expected costs dented its fourth-quarter profit in a sign of growing pains as the company pursues rapid growth.

The online used-car retailer said its adjusted earnings before interest, taxes, depreciation and amortization were $511 million, lower than the average analyst estimate of $536 million. Higher non-vehicle costs and depreciation were contributors, the company said in a statement Wednesday.