Carvana Co. (CVNA) Misses Q4 EPS by 16c, FY20 Revenue Guidance Misses Consensus
Carvana Co. (NYSE: CVNA) reported Q4 EPS of ($0.79), $0.16 worse than the analyst estimate of ($0.63). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.
GUIDANCE:
Carvana Co. sees FY2020 revenue of $5.6-5.8 billion, versus the consensus of $6.03 billion.
•Retail unit sales of 255,000 – 265,000, an increase of 44% – 49%
•Revenue of $5.6 billion – $5.8 billion, an increase of 42% – 47%
•Total gross profit per unit of $3,200 – $3,400, an increase from $2,883 ex-Gift
•EBITDA margin of (3.5%) – (1.5%), an improvement from (5.8%) ex-Gift
•Serve 73%-75% of the U.S. population by year-end, up from 67% at the end of 2019
For earnings history and earnings-related data on Carvana Co. (CVNA) click here.