Carvana Q4 2023 GAAP EPS $(1.00) Misses $(0.95) Estimate, Sales $2.42B Miss $2.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carvana (NYSE:CVNA) reported Q4 2023 GAAP EPS of $(1.00), missing the $(0.95) estimate, with sales of $2.42B also missing the $2.53B estimate. This represents a 14.56% decrease in sales compared to the same period last year.
February 22, 2024 | 9:37 pm
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Carvana reported a Q4 2023 GAAP EPS of $(1.00), missing estimates, and sales of $2.42B, also below expectations. Sales decreased by 14.56% compared to last year.
Missing both EPS and sales estimates, especially with a significant year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100