Carvana's Q4 Earnings and Sales Exceed Estimates, Rise Y/Y

Used car e-retailer Carvana (CVNA) reported fourth-quarter earnings of 56 cents per share, which breezed past the Zacks Consensus Estimate of 24 cents and the year-ago quarter’s loss of $1 per share. Better-than-expected volumes and gross profits from wholesale vehicle sales led to the outperformance. Revenues of$3.55 billion beat the Zacks Consensus Estimate of $3.33 billion and rose 46.3% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Key HighlightsTotal gross profi ...