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 ...

Carvana (CVNA) ended the recent trading session at $200.22, demonstrating a +1.46% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, added 0.76%.The the stock of company has risen by 16.32% in the past month, leading the Retail-Wholesale sector's loss of 0.42% and the S&P 500's gain of 1.47%.Investors will be eagerly watching for the performance of Carvana in its upcoming earnings disclosure. ...

Investors might want to bet on Carvana (CVNA) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earn ...

The most recent trading session ended with Carvana (CVNA) standing at $191.31, reflecting a -0.32% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%. Shares of the company witnessed a gain of 12.4% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 3.32% and the S&P 500's gain of 3.76%. The upcoming earni ...

Used car e-retailer Carvana (CVNA) has been one of the most fascinating comeback stories in recent years. From being on the brink of bankruptcy in 2022 amid high debt and operational inefficiencies, Carvana has made heads turn with its epic turnaround. From trading below $5 at the end of 2022, the stock has shot up around 38 times since then. Shares of CVNA closed at $191.92 yesterday. Over the past year, shares of CVNA have rocketed more than 500%, breezing past the broader market and its close peers, incl ...

Carvana (CVNA) closed at $191.92 in the latest trading session, marking a -0.77% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.04%. The the stock of company has risen by 19.66% in the past month, leading the Retail-Wholesale sector's gain of 3.68% and the S&P 500's gain of 3.77%. Investors will be eagerly watching for the performance of Carvana in its upcoming earnings disclosure. The compa ...