Carvana (CVNA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Carvana (CVNA) reported $3.66 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 31.8%. EPS of $0.64 for the same period compares to $0.23 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +5.32%. The company delivered an EPS surprise of +178.26%, with the consensus EPS estimate being $0.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Carvana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Unit sales - Retail vehicle unit sales: 108,651 versus 106,840 estimated by six analysts on average. Per retail unit gross profit - Total: $7,427 compared to the $6,736.03 average estimate based on five analysts. Per retail unit gross profit - Retail vehicle: $3,497 versus the four-analyst average estimate of $3,210.34. Per unit selling prices - Retail vehicles: $23,405 compared to the $23,911.25 average estimate based on three analysts. Per unit selling prices - Wholesale vehicles: $9,861 compared to the $9,431.49 average estimate based on three analysts. Per retail unit gross profit - Wholesale: $930 compared to the $778.63 average estimate based on three analysts. Per retail unit gross profit - Other: $3,000 versus $2,758.97 estimated by three analysts on average. Unit sales - Wholesale vehicle unit sales: 56,487 compared to the 52,080 average estimate based on three analysts. Markets at end of period: 316 versus the two-analyst average estimate of 318. Sales and operating revenues- Retail vehicle sales, net: $2.54 billion compared to the $2.48 billion average estimate based on five analysts. The reported number represents a change of +30.5% year over year. Sales and operating revenues- Other sales and revenues: $326 million versus the five-analyst average estimate of $260.27 million. The reported number represents a year-over-year change of +52.3%. Sales and operating revenues- Wholesale sales and revenues: $786 million compared to the $638.47 million average estimate based on five analysts. The reported number represents a change of +28.9% year over year. View all Key Company Metrics for Carvana here>>>Shares of Carvana have returned +18.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carvana Co. (CVNA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks