Carvana Announces First Quarter 2022 Results
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Carvana Shares Drop 6% on Q1 EPS Miss, to Offer $1 Billion in Stock
April 20, 2022 5:26 PM EDTCarvana Co. (NYSE: CVNA) shares were trading around 6% lower after-hours following the companys Q1 results, with EPS coming in at ($2.89), worse than the consensus estimate of ($1.42). Revenue grew 56% year-over-year to $3.5 billion, compared to the consensus estimate of $3.39 billion.
According to Ernie... More
Carvana Co. (CVNA) Misses Q1 EPS by $1.47, Revenue Beats
April 20, 2022 4:03 PM EDTCarvana Co. (NYSE: CVNA) reported Q1 EPS of ($2.89), $1.47 worse than the analyst estimate of ($1.42). Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.39 billion.
OutlookWhile we faced a uniquely difficult environment in the first quarter, we are already seeing positive trends across our key metrics. In light of the current industry trends impacting customer affordability, high used vehicle prices, rapid movements in interest rates, rapid increases in fuel prices, and other macroeconomic uncertainty impacting the used vehicle market, at this time we are no longer providing... More