Carvana Co. (CVNA) Tops Q3 EPS by 35c

Carvana Co. (NYSE: CVNA) reported Q3 EPS of $0.64, $0.35 better than the analyst estimate of $0.29. Revenue for the quarter came in at $3.66 billion versus the consensus estimate of $3.45 billion.

Outlook:

Looking toward the fourth quarter, Carvana expects the following as long as the environment remains stable:

A sequential increase in its year-over-year growth rate in retail units sold, and
Adjusted EBITDA significantly above the high end of its previously communicated range of $1.0 to $1.2 billion for the full year 2024.1

For earnings history and earnings-related data on Carvana Co. (CVNA) click here.

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