Carvana (CVNA)

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Carvana Hits Record Milestones in Q2 With More to Come in 2024
MarketBeat· 2024-08-06 12:17
Carvana Today CVNA Carvana $135.31 -1.89 (-1.38%) 52-Week Range $25.09 ▼ $154.00 P/E Ratio 59.35 Price Target $143.60 Add to Watchlist Carvana Co. NYSE: CVNA operates an eCommerce platform selling used cars online to consumers. It's most well-known for its towering car vending machines placed alongside highways and in cities across the nation. Users can frictionlessly find and finance their car purchases online and then pick up the vehicles at a Carvana vending machine. The convenience of the seamless car-b ...
Carvana exceeds Wall Street forecasts in Q2 2024; What's next for CVNA?
Finbold· 2024-08-02 20:39
Carvana (NASDAQ: CVNA), the innovative online marketplace for used cars, has reported impressive Q2 2024 financial results, surpassing Wall Street's expectations. The company reported significant growth and profitability, marking a milestone in its journey to revolutionize the automotive retail industry. In Q2 2024, Carvana reported a remarkable 33% increase in retail units sold, totaling 101,440 vehicles. This impressive growth contributed to a 15% increase in revenue, which the company reported as $3.41 b ...
Carvana stock is up 200% since the start of 2024
Finbold· 2024-08-02 09:27
Almost two years ago, Carvana (NYSE: CVNA) was tethering on the brink of bankruptcy as it experienced a sharp 27% decline in used car sales throughout 2022, which caused its stock to plummet below $5 at one point. Since then, CVNA stock has posted an impressive recovery, surging over 3,500% and gaining almost 200% in 2024 alone; this resurgence and return to profitability make for one of the most remarkable stories on the stock market recently, surging from $48.87 on January 1 to $146.52 as of the latest cl ...
Carvana Stock Is Jumping After a Surprise Profit and Upbeat Outlook
Investopedia· 2024-08-01 15:31
Key Takeaways Carvana reported a surprise profit and set records for adjusted EBITDA as retail vehicle sales surged. The online used car retailer predicted a record-setting year for EBITDA. The stock jumped to levels last seen more than two years ago. Shares of Carvana (CVNA) drove higher after the online used-car retailer posted a surprise profit and gave an upbeat full-year outlook. Carvana reported second-quarter adjusted earnings per share (EPS) of $0.14. Analysts were anticipating a loss. Revenue rose ...
Best Momentum Stocks to Buy for August 1st
ZACKS· 2024-08-01 15:15
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 1: Carvana Co. (CVNA) : This used car e-commerce company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days. Carvana's shares gained 14.3% over the last three months compared with the S&P 500's advanced of 9.1%. The company possesses a Momentum Score of A. QCR Holdings, Inc. (QCRH) : This multi-bank holding company ha ...
New Strong Buy Stocks for August 1st
ZACKS· 2024-08-01 12:21
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: NovoCure Limited (NVCR) : This oncology company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days. Kinross Gold Corporation (KGC) : This gold exploration and development company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days. Carvana Co. (CVNA) : This used car e-commerce company has seen the Zacks Consensus Estimate for ...
Carvana (CVNA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-01 01:30
Carvana (CVNA) reported $3.41 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 14.9%. EPS of $0.14 for the same period compares to -$0.55 a year ago. ...
Carvana (CVNA) - 2024 Q2 - Earnings Call Transcript
2024-08-01 01:23
Carvana Co. (NYSE:CVNA) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Michael Montani - Evercore ISI Adam Jonas - Morgan Stanley Chris Pierce - Needham Brian Nagel - Oppenheimer Michael Baker - D.A. Davidson Sharon Zackfia - William Blair Seth Basham - Wedbush Securities Nicholas Jones - Citizens JMP John Colantuoni - Jefferies Marvin Fong - BTIG Doug Arthur - Huber Research Partners Rajat Gupt ...
Carvana beats Wall Street's second-quarter expectations, guides toward record year
CNBC· 2024-07-31 20:32
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Shares of Carvana jumped as much as 12% during after-hours trading Wednesday as the company topped Wall Street's expectations for the second quarter and disclosed expectations of at least $1 billion in adjusted earnings for 2024. Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: 14 cents vs. a loss of 7 cen ...
Carvana (CVNA) - 2024 Q2 - Quarterly Report
2024-07-31 20:16
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 June 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) | --- | --- | --- | --- | |-------|-------|---------- ...