On October 30, Carvana (NYSE: CVNA), a leading e-commerce platform for purchasing and selling cars announced its Q3 2024 results.The earnings call blew analyst expectations out of the water — whereas consensus forecasts for earnings-per-share (EPS) were just $0.29, CVNA delivered $0.64 — revenues, likewise, beat expectations, coming in at $3.66 billion versus estimates of $3.45 billion. Gross profit per unit (GPU) was also a beat — coming in at an impressive $7,685.Poised to be a leader in a profitable spac ...

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Key Takeaways Carvana shares soared in extended trading on Wednesday after the online car dealer blew past Wall Street's third-quarter earnings estimates and raised its full-year outlook. The stock has recently reclaimed the 200-week moving average and sits poised to break out above the upper trendline of a rising wedge pattern following the company's better-than-expected quarterly results. Investors should monitor key overhead price levels on Carvana's chart around $240, $300, and $365. During retracements ...

Carvana (CVNA) reported $3.66 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 31.8%. EPS of $0.64 for the same period compares to $0.23 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +5.32%. The company delivered an EPS surprise of +178.26%, with the consensus EPS estimate being $0.23. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Carvana Co. (NYSE:CVNA) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Meg Kehan – Investor Relations Ernie Garcia – Chief Executive Officer Mark Jenkins – Chief Financial Officer Conference Call Participants Sharon Zackfia – William Blair Adam Jonas – Morgan Stanley Jeff Lick – Stephens Inc. Chris Bottiglieri – BNP Paribas Michael McGovern – Bank of America Chris Pierce – Needham Seth Basham – Wedbush Securities Brian Nagel – Oppenheimer Rajat Gupta – JPMorgan John Healy ...

Carvana on Wednesday raised its 2024 earnings guidance after the online used car retailer significantly topped Wall Street's third-quarter expectations.Here's how the company performed in the third quarter, compared with average estimates compiled by LSEG:Earnings per share: 64 cents vs. 25 cents expectedRevenue: $3.65 billion vs. $3.45 billion expectedThe company's stock rose roughly 20% in after hours trading Wednesday.For 2024 guidance, Carvana said its adjusted earnings before interest, taxes, depreciat ...

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 September 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 third quarter was another exceptional quarter for Carvana. We had record performance in virtually every key financial measure. Our Net Income in the third quarter was $148 million, leading to a Net Income margin of 4.0%. Our Operating Income was $337 million. And our Adjusted EBITDA was $429 million. This translates to an 11.7% Adjusted EBITDA margin. And these profitability records have to be viewed in a very important context: they were achieved while growing at 34% yea ...

Carvana (CVNA) is slated to release third-quarter 2024 results tomorrow after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 23 cents per share and $3.43 billion, respectively. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The earnings estimate for the third quarter of 2024 has moved south by a cent over the past seven days. The bottom-line projection indicates no change from the year-ago figure. The Zacks Consensus Es ...

In its upcoming report, Carvana (CVNA) is predicted by Wall Street analysts to post quarterly earnings of $0.23 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $3.43 billion, representing a year-over-year increase of 23.8%. Over the last 30 days, there has been an upward revision of 11.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...