Analysts on Wall Street project that Carvana (CVNA Quick QuoteCVNA - Free Report) will announce quarterly earnings of $0.47 per share in its forthcoming report, representing an increase of 123.8% year over year. Revenues are projected to reach $7.67 billion, increasing 35.8% from the same quarter last year.

Over the last 30 days, there has been a downward revision of 7.2% 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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

That said, let's delve into the average estimates of some Carvana metrics that Wall Street analysts commonly model and monitor.

Based on the collective assessment of analysts, 'Sales and operating revenues- Retail vehicle sales, net' should arrive at $5.62 billion. The estimate points to a change of +40.6% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Sales and operating revenues- Other sales and revenues' of $593.19 million. The estimate suggests a change of +25.2% year over year.

According to the collective judgment of analysts, 'Sales and operating revenues- Wholesale sales and revenues' should come in at $1.50 billion. The estimate points to a change of +27.3% from the year-ago quarter.

Analysts' assessment points toward 'Per retail unit gross profit - Retail vehicle' reaching $3403.86 . Compared to the current estimate, the company reported $3456.00 in the same quarter of the previous year.

Analysts predict that the 'Per retail unit gross profit - Total' will reach $6913.80 . Compared to the present estimate, the company reported $7362.00 in the same quarter last year.

Analysts forecast 'Unit sales - Retail vehicle unit sales' to reach 210,299 . The estimate compares to the year-ago value of 155,941 .

Analysts expect 'Per retail unit gross profit - Other' to come in at $2721.89 . Compared to the current estimate, the company reported $3040.00 in the same quarter of the previous year.

The average prediction of analysts places 'Per unit revenue - Retail vehicles' at $26616.99 . Compared to the current estimate, the company reported $25625.00 in the same quarter of the previous year.

The consensus among analysts is that 'Per retail unit gross profit - Wholesale' will reach $812.46 . Compared to the current estimate, the company reported $866.00 in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Unit sales - Wholesale vehicle unit sales' will likely reach 106,855 . The estimate is in contrast to the year-ago figure of 80,369 .

The consensus estimate for 'Markets at end of period (metropolitan statistical areas)' stands at 316 . The estimate compares to the year-ago value of 316 .

It is projected by analysts that the 'Per unit revenue - Wholesale vehicles' will reach $12232.41 . The estimate is in contrast to the year-ago figure of $11721.00 .

Shares of Carvana have experienced a change of -8.5% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CVNA is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .