Carvana Announces Second Quarter 2020 Financial Results
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Carvana (CVNA) PT Raised to $185 at Cowen Due to Robust Sales Despite Limited Supply Constraints
August 6, 2020 8:55 AM EDTCowen analyst John Blackledge raised the price target on Carvana (NYSE: CVNA) to $185.00 (from $174.00) while maintaining an Outperform rating, citing +25% y/y unit growth since an initial sharp decel, online car sales being robust, limited supply constraints, operating metrics, and May/June rebound as... More
Carvana Co. (CVNA) Tops Q2 EPS by 21c, Revenues a Touch Light
August 5, 2020 4:21 PM EDTCarvana Co. (NYSE: CVNA) reported Q2 EPS of ($0.62), $0.21 better than the analyst estimate of ($0.83). Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.14 billion. Retail units sold totaled 55,098, an increase of 25%.
"Dear Shareholders,
The first half of 2020 has been an unprecedented time for all of us as we have grappled with the health and economic consequences of COVID-19. It has also been the most dynamic period we have managed through as a company. The second quarter started at the peak of COVID-19 related economic... More
