Carvana Co reports results for the quarter ended December 31 - Earnings Summary

• Carvana Co CVNA.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.00. The mean expectation of nineteen analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 5 cents to 74 cents per share.

• Revenue rose 46.3% to $3.55 billion from a year ago; analysts expected $3.31 billion.

• Carvana Co's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $79 million.

• Carvana Co shares had risen by 39.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 27.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for Carvana Co is $254.06

This summary was machine generated from LSEG data February 20 at 12:25 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)