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-0.00184439537602281 -0.003013378360826 -0.00503961553448499 -0.00904013508247814 -0.00831276789193399 -0.000155864397973769 -0.00945577347707491 -0.00945577347707491
Stock impact report

Carvana Q1 earnings beat driven by strong vehicle sales growth [Yahoo! Finance]

Carvana Co. Class A (CVNA) 
Last carvana co. class a earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.carvana.com
Company Research Source: Yahoo! Finance
Carvana Co. (NYSE:CVNA) reported first quarter financial results that topped Wall Street expectations on both revenue and earnings, supported by strong growth in retail vehicle sales and record profitability. The company posted earnings per share of $1.69, ahead of analyst estimates of $1.52. Revenue rose 52% year over year to $6.43 billion, also exceeding expectations of $6.08 billion. Carvana sold 187,393 retail units during the quarter, up 40% year over year and marking a new quarterly record. Net income reached a record $405 million, with a net income margin of 6.3%. Adjusted EBITDA also set a record at $672 million, representing a 10.4% margin. GAAP operating income totaled $581 million. “We are proud to be changing the way people buy and sell cars and look forward to continuing to raise the bar for our customers as we grow and improve from here,” Carvana CEO Ernie Garcia said in a statement. Despite the stronger-than-expected results, shares were down about 4% in Show less Read more
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