Carvana (US:CVNA) ZACKSยท2025-02-20 00:11Core Insights - Carvana (CVNA) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and a significant improvement from a loss of $1 per share a year ago, representing an earnings surprise of 133.33% [1] - The company achieved revenues of $3.55 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.65% and showing a year-over-year increase from $2.42 billion [2] - Carvana has consistently outperformed consensus EPS estimates over the last four quarters, indicating strong financial performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $3.76 billion, and for the current fiscal year, it is $2.85 on revenues of $16.24 billion [7] - The estimate revisions trend for Carvana is favorable, contributing to a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Internet - Commerce industry, to which Carvana belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable environment for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]