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Countdown to Carvana (CVNA) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
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Analysts on Wall Street project that Carvana (CVNA - Free Report) will announce quarterly earnings of $1.10 per share in its forthcoming report, representing an increase of 685.7% year over year. Revenues are projected to reach $4.57 billion, increasing 34.1% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Carvana metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Sales and operating revenues- Retail vehicle sales, net' should arrive at $3.26 billion. The estimate indicates a year-over-year change of +35.1%.
Analysts expect 'Sales and operating revenues- Other sales and revenues' to come in at $387.99 million. The estimate points to a change of +39.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'Sales and operating revenues- Wholesale sales and revenues' will likely reach $880.49 million. The estimate suggests a change of +22.3% year over year.
Analysts forecast 'Unit sales - Retail vehicle unit sales' to reach 141,724 . The estimate compares to the year-ago value of 101,440 .
The consensus estimate for 'Per retail unit gross profit - Total' stands at $7172.34 . The estimate compares to the year-ago value of $7049.00 .
It is projected by analysts that the 'Per retail unit gross profit - Retail vehicle' will reach $3445.28 . Compared to the current estimate, the company reported $3421.00 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Per retail unit gross profit - Other' of $2864.54 . The estimate compares to the year-ago value of $2750.00 .
The average prediction of analysts places 'Unit sales - Wholesale vehicle unit sales' at 66,898 . Compared to the present estimate, the company reported 50,368 in the same quarter last year.
According to the collective judgment of analysts, 'Per unit revenue - Retail vehicles' should come in at $23183.84 . The estimate compares to the year-ago value of $23768.00 .
The consensus among analysts is that 'Per unit revenue - Wholesale vehicles' will reach $9895.74 . Compared to the present estimate, the company reported $9550.00 in the same quarter last year.
Analysts predict that the 'Per retail unit gross profit - Wholesale' will reach $921.80 . The estimate compares to the year-ago value of $878.00 .
Analysts' assessment points toward 'Markets at end of period (metropolitan statistical areas)' reaching 316 . Compared to the present estimate, the company reported 316 in the same quarter last year.
Shares of Carvana have demonstrated returns of +6.4% over the past month compared to the Zacks S&P 500 composite's +4.6% change. With a Zacks Rank #3 (Hold), CVNA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Carvana (CVNA) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that Carvana (CVNA - Free Report) will announce quarterly earnings of $1.10 per share in its forthcoming report, representing an increase of 685.7% year over year. Revenues are projected to reach $4.57 billion, increasing 34.1% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Carvana metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Sales and operating revenues- Retail vehicle sales, net' should arrive at $3.26 billion. The estimate indicates a year-over-year change of +35.1%.
Analysts expect 'Sales and operating revenues- Other sales and revenues' to come in at $387.99 million. The estimate points to a change of +39.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'Sales and operating revenues- Wholesale sales and revenues' will likely reach $880.49 million. The estimate suggests a change of +22.3% year over year.
Analysts forecast 'Unit sales - Retail vehicle unit sales' to reach 141,724 . The estimate compares to the year-ago value of 101,440 .
The consensus estimate for 'Per retail unit gross profit - Total' stands at $7172.34 . The estimate compares to the year-ago value of $7049.00 .
It is projected by analysts that the 'Per retail unit gross profit - Retail vehicle' will reach $3445.28 . Compared to the current estimate, the company reported $3421.00 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Per retail unit gross profit - Other' of $2864.54 . The estimate compares to the year-ago value of $2750.00 .
The average prediction of analysts places 'Unit sales - Wholesale vehicle unit sales' at 66,898 . Compared to the present estimate, the company reported 50,368 in the same quarter last year.
According to the collective judgment of analysts, 'Per unit revenue - Retail vehicles' should come in at $23183.84 . The estimate compares to the year-ago value of $23768.00 .
The consensus among analysts is that 'Per unit revenue - Wholesale vehicles' will reach $9895.74 . Compared to the present estimate, the company reported $9550.00 in the same quarter last year.
Analysts predict that the 'Per retail unit gross profit - Wholesale' will reach $921.80 . The estimate compares to the year-ago value of $878.00 .
Analysts' assessment points toward 'Markets at end of period (metropolitan statistical areas)' reaching 316 . Compared to the present estimate, the company reported 316 in the same quarter last year.
View all Key Company Metrics for Carvana here>>>Shares of Carvana have demonstrated returns of +6.4% over the past month compared to the Zacks S&P 500 composite's +4.6% change. With a Zacks Rank #3 (Hold), CVNA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .