Carvana Stock Surges On Q3 Earnings: Revenue Beat, EPS Beat, Vehicle Sales Up 34% — 'We Are Just Getting Started'
Portfolio Pulse from Adam Eckert
Carvana Co (NYSE:CVNA) reported strong Q3 earnings, with revenue and EPS beating estimates. Vehicle sales increased by 34% year-over-year, and the company anticipates further growth in Q4. Carvana's stock surged over 22% in after-hours trading.
October 30, 2024 | 9:22 pm
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Carvana reported strong Q3 earnings, with revenue and EPS exceeding expectations. Vehicle sales rose 34% YoY, and the company anticipates further growth in Q4. The stock surged over 22% in after-hours trading.
Carvana's Q3 earnings report showed significant growth in revenue and EPS, surpassing analyst expectations. The 34% increase in vehicle sales and positive outlook for Q4 suggest strong business momentum. This led to a 22% surge in the stock price after hours, indicating positive investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100