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 -4.81% change in stock price 10 days leading up to the earnings, and a +16.46% change 10 days following the report. On the earnings day itself, the stock moves by +7.54%. 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
How does CVNA typically perform around its earnings report dates?
Is Carvana Co. (CVNA) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CVNA Earning Call Sentiment
Carvana Co. (CVNA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CVNA.N
0.7%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.