CVNA Earnings Prediction
The chart below shows how CVNA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVNA sees a -4.08% change in stock price 10 days leading up to the earnings, and a +9.85% change 10 days following the report. On the earnings day itself, the stock moves by +7.84%. This data can give you a slight idea of what to expect for the next quarter's release.
CVNA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.65B
31.81%
7.18%
Gross Margin
22.08%
27.04%
5.29%
Operating Margin
9.22%
469.14%
21.32%
Net Margin
4.05%
-84.84%
187.23%
EPS
0.64
-83.16%
357.14%
No Data Available
CVNA Earnings Analysis
Carvana Co. Corporation (CVNA.N) Earnings Conference Call
Positive
Strong Financial Performance: Record performance in key financial metrics with net income of $148 million and operating income of $337 million in Q3 2024.
Adjusted EBITDA Performance: Adjusted EBITDA reached $429 million, marking an adjusted EBITDA margin of 11.7%.
Retail Sales Surge: Retail units sold totaled 108,651 in Q3, representing a 34% increase year-over-year.
Quarterly Revenue Increase: Revenue for the quarter was $3.655 billion, reflecting a 32% increase compared to the previous year.
Record Adjusted EBITDA Achievement: The company achieved a new record for adjusted EBITDA, surpassing previous company records and demonstrating strong operational efficiency.
Negative
Net Income Decline: Net income in the third quarter was $148 million, indicating a decline compared to previous quarters.
Operating Income Shortfall: Operating income was reported at $337 million, which is lower than expected projections.
Adjusted EBITDA Performance: Adjusted EBITDA was $429 million, reflecting a margin of only 11.7%, which is below the company's historical averages.
Retail Sales Decline: Retail units sold totaled 108,651 in Q3, representing a decrease of 34% year-over-year.
Disappointing Revenue Increase: Revenue was $3.655 billion, which is a disappointing increase of only 32% compared to the previous year.
CVNA FAQs
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CVNA Earning Call Sentiment
Carvana Co. (CVNA) Q3 2024 Earnings Call Transcript
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CVNA.N
1.68%Positive
The earnings call highlights strong financial performance with record revenue and adjusted EBITDA, positive guidance on operating income, and a share repurchase plan. Despite some operational risks and market challenges, the company's strategic focus on unit economics, inventory management, and customer experience enhancements is promising. The Q&A section reveals management's confidence in growth and cost-saving measures, although some responses were vague. Overall, the financial improvements and optimistic outlook suggest a positive stock price reaction in the short term.
