Online used car retailer Carvana reported “milestone” first quarter (Q1) results on Wednesday (May 1), fueling a 30% surge in its stock price. This strong performance comes on the heels of a challenging period in 2022, during which Carvana shares plummeting by 97%. “We not only set new all-time company records [this quarter], but we also became the most profitable public automotive retailer in the U.S. for the first time,” Carvana CEO Ernie Garcia told investors and analysts on a call accompanying its resul ...

For the quarter ended March 2024, Carvana (CVNA) reported revenue of $3.06 billion, up 17.5% over the same period last year. EPS came in at -$0.41, compared to -$1.51 in the year-ago quarter.The reported revenue represents a surprise of +12.74% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being -$0.76, the EPS surprise was +46.05%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Carvana (CVNA) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.76. This compares to loss of $1.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 46.05%. A quarter ago, it was expected that this company would post a loss of $0.95 per share when it actually produced a loss of $1, delivering a surprise of -5.26%.Over the last four quarters, the company has surpassed consensus ...

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit during the first quarter.Here's how the company performed in the first quarter, compared with average estimates compiled by LSEG:Earnings per share: 23 cents, it was not immediately clear if it was comparable to the 74 cent loss expectedRevenue: $3.06 billion vs. $2.67 bill ...

3 CARVANA CO. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - (Continued) (Unaudited) (In millions, except number of shares, which are reflected in thousands) Class A Common Class B Common | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|----------------|-------| ...

Exhibit 99.1 Dear Shareholders, In the first quarter, we delivered our best financial results in company history; for that reason, it is a quarter worthy of reflection. In Q1, we achieved a net income margin of 1.6% and a company-record Adjusted EBITDA margin of 7.7%. By the latter measure, for the first time, we became the most profitable public automotive retailer in the U.S. We returned to growth, growing 16% despite decreasing marketing dollars and constrained inventory. We completed our third quarter o ...

Investors are always looking for stocks that are poised to beat at earnings season and Carvana Co. (CVNA) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Carvana is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator ...

The upcoming report from Carvana (CVNA) is expected to reveal quarterly loss of $0.76 per share, indicating an increase of 49.7% compared to the year-ago period. Analysts forecast revenues of $2.72 billion, representing an increase of 4.2% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 2.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.A ...

Shares of the used car specialist have staged a massive comeback over the past 12 months. What might happen next?Carvana (CVNA 5.85%) has emerged as one of the market's biggest turnaround stories, with shares up more than 800% over the past year and more than 35% since the start of the year. Those kinds of gains garner a lot of attention, and investors are particularly interested in insight on whether the rally will continue.Is the stock a buy now, or will Carvana's path hit a dead end?An improved financial ...

Most of the easy money has already been made on Carvana stock -- and now it costs too much.It's starting to look like Carvana (CVNA -4.18%) stock is going to survive its near-death experience.One year ago, Carvana wrapped up its worst year ever, losing $1.6 billion despite booking a record $13.6 billion in sales. Burdened with $6.1 billion in long-term debt, and another $1 billion in long-term lease obligations, this used car dealer's future looked grim. One year later, however, Carvana stock has soared 10x ...