Carvana Q2 Earnings: Revenue Beat, EPS Beat, Vehicle Sales Jump 33%, Upbeat Guidance And More
Portfolio Pulse from Adam Eckert
Carvana Co (NYSE:CVNA) reported strong Q2 earnings with revenue of $3.41 billion and EPS of 14 cents, both beating estimates. Vehicle sales jumped 33% YoY, and the company provided upbeat guidance for Q3 and FY 2024. Shares rose 10.33% after hours.
July 31, 2024 | 8:33 pm
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Carvana reported strong Q2 earnings with revenue and EPS beating estimates. Vehicle sales increased 33% YoY, and the company provided positive guidance for Q3 and FY 2024. Shares rose 10.33% after hours.
Carvana's strong Q2 performance, including revenue and EPS beats, along with a significant increase in vehicle sales and positive future guidance, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100