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Carvana (CVNA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Carvana (CVNA - Free Report) reported $3.66 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 31.8%. EPS of $0.64 for the same period compares to $0.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +5.32%. The company delivered an EPS surprise of +178.26%, with the consensus EPS estimate being $0.23.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 108,651 versus 106,840 estimated by six analysts on average.
Per retail unit gross profit - Total: $7,427 compared to the $6,736.03 average estimate based on five analysts.
Per retail unit gross profit - Retail vehicle: $3,497 versus the four-analyst average estimate of $3,210.34.
Per unit selling prices - Retail vehicles: $23,405 compared to the $23,911.25 average estimate based on three analysts.
Per unit selling prices - Wholesale vehicles: $9,861 compared to the $9,431.49 average estimate based on three analysts.
Per retail unit gross profit - Wholesale: $930 compared to the $778.63 average estimate based on three analysts.
Per retail unit gross profit - Other: $3,000 versus $2,758.97 estimated by three analysts on average.
Unit sales - Wholesale vehicle unit sales: 56,487 compared to the 52,080 average estimate based on three analysts.
Markets at end of period: 316 versus the two-analyst average estimate of 318.
Sales and operating revenues- Retail vehicle sales, net: $2.54 billion compared to the $2.48 billion average estimate based on five analysts. The reported number represents a change of +30.5% year over year.
Sales and operating revenues- Other sales and revenues: $326 million versus the five-analyst average estimate of $260.27 million. The reported number represents a year-over-year change of +52.3%.
Sales and operating revenues- Wholesale sales and revenues: $786 million compared to the $638.47 million average estimate based on five analysts. The reported number represents a change of +28.9% year over year.
Shares of Carvana have returned +18.7% over the past month versus the Zacks S&P 500 composite's +1.8% 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.
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Carvana (CVNA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Carvana (CVNA - Free Report) reported $3.66 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 31.8%. EPS of $0.64 for the same period compares to $0.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +5.32%. The company delivered an EPS surprise of +178.26%, with the consensus EPS estimate being $0.23.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 108,651 versus 106,840 estimated by six analysts on average.
- Per retail unit gross profit - Total: $7,427 compared to the $6,736.03 average estimate based on five analysts.
- Per retail unit gross profit - Retail vehicle: $3,497 versus the four-analyst average estimate of $3,210.34.
- Per unit selling prices - Retail vehicles: $23,405 compared to the $23,911.25 average estimate based on three analysts.
- Per unit selling prices - Wholesale vehicles: $9,861 compared to the $9,431.49 average estimate based on three analysts.
- Per retail unit gross profit - Wholesale: $930 compared to the $778.63 average estimate based on three analysts.
- Per retail unit gross profit - Other: $3,000 versus $2,758.97 estimated by three analysts on average.
- Unit sales - Wholesale vehicle unit sales: 56,487 compared to the 52,080 average estimate based on three analysts.
- Markets at end of period: 316 versus the two-analyst average estimate of 318.
- Sales and operating revenues- Retail vehicle sales, net: $2.54 billion compared to the $2.48 billion average estimate based on five analysts. The reported number represents a change of +30.5% year over year.
- Sales and operating revenues- Other sales and revenues: $326 million versus the five-analyst average estimate of $260.27 million. The reported number represents a year-over-year change of +52.3%.
- Sales and operating revenues- Wholesale sales and revenues: $786 million compared to the $638.47 million average estimate based on five analysts. The reported number represents a change of +28.9% year over year.
View all Key Company Metrics for Carvana here>>>Shares of Carvana have returned +18.7% over the past month versus the Zacks S&P 500 composite's +1.8% 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.