Carvana Analysts Cast Shadow Over Q4 Earnings: ‘Less Opportunity For Upside Surprise’

by

in

Online used car company Carvana Co (NYSE:CVNA) is set to report fourth-quarter financial results after market close Thursday.

Here are the key earnings estimates from analysts, what analysts are saying and key items to watch.

Earnings Estimates: Analysts expect Carvana to report fourth-quarter revenue of $2.53 billion according to estimates from Benzinga Pro.

The company reported revenue of $2.84 billion in last year’s fourth quarter. The company has beaten analysts’ estimates for revenue in two of the last four quarters.

Analysts expect Carvana to report fourth-quarter earnings per share of a loss of 87 cents. The company reported a profit of 39 cents per share in last year’s fourth quarter.

Carvana reported quarterly losses in each of the first three quarters of the fiscal year. The company has beaten analysts’ estimates for earnings per share in the last four straight quarters.

Related Link: Carvana Plans Turnaround With Strategic Restructuring, Stock Rebound And Debt Overhaul: Report

What Analysts Are Saying: Recent sales strength for Carvana could be transitory, Wedbush analyst Seth Basham said in a recent investor note.

“We believe some of the sales strength could be transitory, and …

Full story available on Benzinga.com


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *