We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Carvana (CVNA) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended December 2023, Carvana (CVNA - Free Report) reported revenue of $2.42 billion, down 14.6% over the same period last year. EPS came in at -$1.00, compared to -$0.97 in the year-ago quarter.
The reported revenue represents a surprise of -4.76% over the Zacks Consensus Estimate of $2.55 billion. With the consensus EPS estimate being -$0.95, the EPS surprise was -5.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Carvana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit sales - Retail vehicle unit sales: 76,090 compared to the 76,591 average estimate based on six analysts.
Per retail unit gross profit - Retail vehicle: $2,812 versus the five-analyst average estimate of $2,359.09.
Markets at end of period: 316 versus the four-analyst average estimate of 319.
Per retail unit gross profit - Wholesale: $526 compared to the $533.11 average estimate based on four analysts.
Unit sales - Wholesale vehicle unit sales: 34,096 compared to the 37,680 average estimate based on four analysts.
Per retail unit gross profit - Total: $5,283 versus the four-analyst average estimate of $5,067.34.
Per unit selling prices - Retail vehicles: $23,354 compared to the $23,483.25 average estimate based on four analysts.
Per unit selling prices - Wholesale vehicles: $8,623 compared to the $11,230.86 average estimate based on three analysts.
Per retail unit gross profit - Other: $1,945 versus $2,252.84 estimated by three analysts on average.
Sales and operating revenues- Retail vehicle sales, net: $1.78 billion versus $1.79 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -14.1% change.
Sales and operating revenues- Other sales and revenues: $148 million versus $169.20 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.8% change.
Sales and operating revenues- Wholesale sales and revenues: $499 million versus the six-analyst average estimate of $545.31 million. The reported number represents a year-over-year change of -21.2%.
Shares of Carvana have returned +17.5% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Carvana (CVNA) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2023, Carvana (CVNA - Free Report) reported revenue of $2.42 billion, down 14.6% over the same period last year. EPS came in at -$1.00, compared to -$0.97 in the year-ago quarter.
The reported revenue represents a surprise of -4.76% over the Zacks Consensus Estimate of $2.55 billion. With the consensus EPS estimate being -$0.95, the EPS surprise was -5.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Carvana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit sales - Retail vehicle unit sales: 76,090 compared to the 76,591 average estimate based on six analysts.
- Per retail unit gross profit - Retail vehicle: $2,812 versus the five-analyst average estimate of $2,359.09.
- Markets at end of period: 316 versus the four-analyst average estimate of 319.
- Per retail unit gross profit - Wholesale: $526 compared to the $533.11 average estimate based on four analysts.
- Unit sales - Wholesale vehicle unit sales: 34,096 compared to the 37,680 average estimate based on four analysts.
- Per retail unit gross profit - Total: $5,283 versus the four-analyst average estimate of $5,067.34.
- Per unit selling prices - Retail vehicles: $23,354 compared to the $23,483.25 average estimate based on four analysts.
- Per unit selling prices - Wholesale vehicles: $8,623 compared to the $11,230.86 average estimate based on three analysts.
- Per retail unit gross profit - Other: $1,945 versus $2,252.84 estimated by three analysts on average.
- Sales and operating revenues- Retail vehicle sales, net: $1.78 billion versus $1.79 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -14.1% change.
- Sales and operating revenues- Other sales and revenues: $148 million versus $169.20 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.8% change.
- Sales and operating revenues- Wholesale sales and revenues: $499 million versus the six-analyst average estimate of $545.31 million. The reported number represents a year-over-year change of -21.2%.
View all Key Company Metrics for Carvana here>>>Shares of Carvana have returned +17.5% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.