Carvana (CVNA) Beats Q1 Earnings and Revenue Estimates

Company Performance - Carvana reported quarterly earnings of $1.51 per share, exceeding the Zacks Consensus Estimate of$ 0.75 per share, and compared to a loss of $0.41 per share a year ago, representing an earnings surprise of 101.33% [1] - The company posted revenues of$ 4.23 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.70%, and up from $3.06 billion in the same quarter last year [2] - Carvana has surpassed consensus EPS estimates for four consecutive quarters and has also topped consensus revenue estimates four times over the last four quarters [2] Stock Performance - Carvana shares have increased approximately 27.3% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.96 on revenues of $4.31 billion, and for the current fiscal year, it is$ 3.67 on revenues of $17.2 billion [7] - The Internet - Commerce industry, to which Carvana belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8]