Whenever there's a broad-market selloff, its always fun to look through the rubble and pick out the contrarian stocks making outsized moves higher. For Peloton Interactive Inc (NASDAQ:PTON) and Carvana Co (NYSE:CVNA), does their outlier performance today -- and for the last year -- have any staying power, or is it all a flash in the pan? PTON is up 26.3% to trade at $8.40, and earlier traded as high as $8.92. The fitness company reported an earnings triple play for the fiscal first quarter, and got an extra ...

Carvana Co. CVNA reported better-than-expected third-quarter financial results on Wednesday.Carvana reported third-quarter revenue of $3.66 billion, beating the consensus estimate of $3.45 billion, according to Benzinga Pro. The used car retailer reported third-quarter earnings of 64 cents per share, beating analyst estimates of 17 cents per share."Carvana's exceptional results underscore our position as the fastest-growing and most profitable automotive retailer. Our progress in Q3 further highlights the s ...

Carvana stock appears to be on the right path to growth. Carvana (CVNA 21.90%) stock motored higher Thursday, its stock up 20% through 11:25 a.m. ET after beating analyst forecasts for third-quarter revenue.Carvana reported Q3 sales of $3.66 billion last night, edging out Wall Street forecasts for $3.65 billion. The company also appears to have beaten earnings expectations. Carvana Q3 sales and earningsAccording to Yahoo! Finance data, Carvana entered Q3 with analysts expecting it to earn $0.25 per share -- ...

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Carvana (CVNA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Carvana is one of 212 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 ...

Used car e-retailer Carvana (CVNA) reported earnings of 64 cents per share, which breezed past the Zacks Consensus Estimate and the year-ago quarter earnings of 23 cents. Revenues of $3.66 billion beat the Zacks Consensus Estimate of $3.47 billion and rose 32% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.CVNA stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Key HighlightsTotal gross profi ...

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 ...

Should you add these fast-growing stocks to your portfolio?In just the past two years, the S&P 500 has amassed some incredible gains, rising by around 60% during that stretch. It's an incredible performance when you consider its long-run average is a return of approximately 10% per year. During this period, quite a few stocks have generated supersized returns, thanks to solid underlying businesses that created, or intend to create, immense value in the products and services they offer. Three stocks that hav ...

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 ...

Financial Data and Key Metrics Changes - Carvana reported a net income of $148 million and an operating income of $337 million for Q3 2024, with adjusted EBITDA reaching $429 million, marking an adjusted EBITDA margin of 11.7% [6][22][24] - The adjusted EBITDA margin increased by 6.4 percentage points year-over-year, surpassing the midpoint of the long-term financial model EBITDA margin range of 8% to 13.5% [11][22] - Revenue for Q3 was $3.655 billion, reflecting a 32% increase year-over-year, while retail units sold totaled 108,651, an increase of 34% [12][22] Business Line Data and Key Metrics Changes - Non-GAAP retail gross profit per unit (GPU) was $3,617, an increase of $740, marking the sixth consecutive quarter of record performance [16] - Non-GAAP wholesale GPU was $1,123, an increase of $172, driven by growth in wholesale vehicle and marketplace gross profit [18] - Non-GAAP other GPU was $2,945, an increase of $377, primarily due to higher spreads between origination interest rates and benchmark rates [19] Market Data and Key Metrics Changes - Carvana currently holds a 1% market share in an industry with 40 million used vehicle transactions per year, indicating significant growth potential [9][49] - The company has expanded its same-day delivery capability to 35% of the U.S. population, although it remains a small fraction of total sales [32] Company Strategy and Development Direction - Carvana aims to become the largest and most profitable automotive retailer, focusing on operational efficiencies and customer experience improvements [7][10] - The company is investing in reconditioning infrastructure to support over 1 million retail units per year, with plans to scale to over 3 million units [8][9] - The integration of ADESA sites is expected to enhance operational efficiency and reduce costs associated with inventory management and delivery [30][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth trajectory, citing strong demand and operational improvements as key drivers for future performance [11][26] - The company anticipates a sequential increase in year-over-year growth rates for retail units sold in Q4, with adjusted EBITDA expected to exceed the previously communicated range of $1.0 billion to $1.2 billion for the full year 2024 [26][27] - Management acknowledged the seasonal nature of the used car market, with Q4 typically experiencing lower demand and higher depreciation rates [36] Other Important Information - Carvana announced a cash bonus for employees, which is expected to impact adjusted EBITDA by approximately $10 million in Q4 [21] - The company repurchased an additional $100 million of its 2028 senior secured notes, improving leverage ratios [25] Q&A Session Summary Question: Discussion on ADESA integration and same-day delivery - Management highlighted successful integration efforts at ADESA sites, utilizing a capital-light approach to unlock reconditioning capabilities [30] - Same-day delivery is currently available to 35% of the U.S. population, with plans to expand this capability further [32] Question: Concerns about EBITDA margin sustainability - Management noted that seasonality affects used car demand, which typically declines in Q4, impacting EBITDA margins [36] Question: Insights on inventory selection and marketing strategy - Management indicated that inventory growth is crucial for marketing efficiency, as it enhances customer conversion rates [62] Question: Future growth and market share potential - Management expressed confidence in the company's ability to scale operations and capture a larger market share, aiming for significant growth in the coming years [96][105]