Carvana Q2 Sales $2.97B Beat $2.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carvana reported Q2 sales of $2.97 billion, beating the analyst consensus estimate of $2.59 billion by 14.59 percent. However, this represents a 23.58 percent decrease compared to the same period last year.
July 19, 2023 | 10:33 am
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Carvana's Q2 sales exceeded analyst expectations but are down year-over-year. This mixed result could lead to uncertainty in the market.
Carvana's Q2 sales beat analyst estimates, which is generally a positive signal for the stock. However, the year-over-year decrease in sales could be a cause for concern among investors, potentially leading to a neutral or mixed market reaction.
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