Carvana Co. (CVNA) Announces Proposed $1B Offering of Class A Common Stock

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Go back to Carvana Co. (CVNA) Announces Proposed $1B Offering of Class A Common Stock

Carvana Shares Drop 6% on Q1 EPS Miss, to Offer $1 Billion in Stock

April 20, 2022 5:26 PM EDT

Carvana 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