Carvana Q2 2024 GAAP EPS $0.14 Beats $(0.12) Estimate, Sales $3.410B Beat $3.244B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carvana (NYSE:CVNA) reported Q2 2024 earnings per share (EPS) of $0.14, significantly beating the analyst consensus estimate of $(0.12) by 216.67%. The company also reported quarterly sales of $3.410 billion, surpassing the estimate of $3.244 billion by 5.12%. This marks a 14.89% increase over the same period last year.
July 31, 2024 | 8:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Carvana (NYSE:CVNA) reported Q2 2024 EPS of $0.14, beating estimates by 216.67%, and sales of $3.410 billion, surpassing expectations by 5.12%. This strong performance indicates positive momentum for the company.
Carvana's strong earnings and revenue performance, significantly beating analyst estimates, is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100