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
CVNA Earnings Analysis
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?
CVNA's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -4.08% change leading up to the report and a +9.85% change in the 10 days following the release.
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
CVNA.N
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