Carvana Co. (CVNA) Tops Q2 EPS by 20c, Offers Outlook
Carvana Co. (NYSE: CVNA) reported Q2 EPS of $0.14, $0.20 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.25 billion.
- Outlook
Our results in Q1 and Q2 position us well for a strong Q3 and Q4. Looking forward, we expect the following as long as the environment remains stable:
•A sequential increase in retail units in Q3 compared to Q2, and
•Adjusted EBITDA of $1.0 to $1.2 billion for the full year 2024, an increase from $339 million last year.2
For earnings history and earnings-related data on Carvana Co. (CVNA) click here.