Carvana Co. (CVNA) Misses Q2 EPS by 44c; Revenues Miss
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Carvana Co. (CVNA) Shares Jump Despite Missing Analyst Estimates
August 5, 2022 12:31 PM EDTOnline vehicle e-commerce platform Carvana Co. (NYSE: CVNA) is up 34% Friday despite its lackluster second-quarter earnings report, which missed top and bottom line expectations.
Carvana posted a loss of $2.35 per share, $0.44 worse than the analyst estimate of a $1.91 loss per share. Revenue for the quarter came in at $3.88 billion, again missing the consensus estimate of $3.99 billion.
Retail units sold did, however, increase 9% year-over-year to 117,564.
In addition, Carvana's selling, general, and administrative... More
Carvana Co. (CVNA) Extends Gain, Up 25%
August 5, 2022 9:52 AM EDTCarvana Co. (NYSE: CVNA) Extends Gain, Up 25%
... More