Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: NovoCure Limited (NVCR) : This oncology company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days. Kinross Gold Corporation (KGC) : This gold exploration and development company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days. Carvana Co. (CVNA) : This used car e-commerce company has seen the Zacks Consensus Estimate for ...

Carvana (CVNA) reported $3.41 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 14.9%. EPS of $0.14 for the same period compares to -$0.55 a year ago. ...

Carvana Co. (NYSE:CVNA) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Michael Montani - Evercore ISI Adam Jonas - Morgan Stanley Chris Pierce - Needham Brian Nagel - Oppenheimer Michael Baker - D.A. Davidson Sharon Zackfia - William Blair Seth Basham - Wedbush Securities Nicholas Jones - Citizens JMP John Colantuoni - Jefferies Marvin Fong - BTIG Doug Arthur - Huber Research Partners Rajat Gupt ...

In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Shares of Carvana jumped as much as 12% during after-hours trading Wednesday as the company topped Wall Street's expectations for the second quarter and disclosed expectations of at least $1 billion in adjusted earnings for 2024. Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: 14 cents vs. a loss of 7 cen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number: 001-38073 CARVANA CO. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |-------|-------|---------- ...

Exhibit 99.1 Dear Shareholders, The second quarter was another landmark quarter for Carvana. As measured by unit growth and Adjusted EBITDA margin, we were again the fastest growing and most profitable public automotive retailer, this time by a greater margin than in the first quarter. We grew retail units by 33% and achieved record second quarter net income margin of 1.4% and all-time-record Adjusted EBITDA margin of 10.4%. We believe this is not only industry-leading in today's environment, but also the h ...

Carvana Co (NYSE:CVNA) is ready to step into the earnings confessional after the close tomorrow, July 31. Per Zacks.com, analysts expect Carvana to record a breakeven second-quarter earnings per share on revenue of $3.2 billion. Ahead of the event, shares of the online used-car retailer is trading 3.3% lower at $123.68. It's easy to spot those post-earnings jumps on the chart, with both representing big bull gaps that have helped Carvana stock add 133.5% in 2024. A comparable move would help the security br ...

Image Source: Zacks Investment Research What's Shaping Q2 Results? YTD Price Comparison Carvana's three-step plan— focusing on achieving positive adjusted EBITDA, enhancing adjusted EBITDA per unit and returning to growth— sparks optimism. The acquisition of ADESA's U.S. operations has significantly bolstered Carvana's logistics, auction capabilities, and reconditioning processes, promising to increase its annual reconditioning capacity from 1.3 million to 3 million units. This expansion enhances vehicle qu ...

These stocks could be risky investments to hold in the second half of the year. According to Wall Street analysts, three stocks that look overpriced today include Palantir Technologies (PLTR 0.11%), Marathon Digital (MARA -1.89%), and Carvana (CVNA 0.55%). Here's a look at how much analysts believe they could fall and why they should be avoided right now. The consensus analyst price target for Palantir Technologies is $21.32 per share. Based on its current share price of $28.81, the stock could fall 26% ove ...

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