Carvana Co. Announces Proposed Offering of Class A Common Stock
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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
