Ernest Garcia, Carvana CEO, joins CNBC's 'Money Movers' to discuss third-quarter earnings, used car demand, and more.
Carvana stock appears to be on the right path to growth.
Here is how Carvana (CVNA) and Nordstrom (JWN) have performed compared to their sector so far this year.
For full-year 2024, Carvana expects adjusted EBITDA to be significantly above the high end of the prior guided range of $1-$1.2 billion.
On October 30, Carvana (NYSE: CVNA), a leading e-commerce platform for purchasing and selling cars announced its Q3 2024 results.
Should you add these fast-growing stocks to your portfolio?
Shares in Carvana Co. (NYSE:CVNA) 'motored' 20% after the online used car specialist posted a strong quarterly performance, with adjusted earnings (EBITDA) hitting $429 million, well above analyst expectations of $326.8 million. Revenue for the quarter rose to $3.66 billion, surpassing the forecast of $3.46 billion.
Carvana (CVNA) shares soared in extended trading on Wednesday after the online car dealer blew past Wall Street's third quarter estimates and raised its full-year outlook, boosted by strong vehicle sales.
The headline numbers for Carvana (CVNA) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Carvana Co. (NYSE:CVNA ) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Meg Kehan – Investor Relations Ernie Garcia – Chief Executive Officer Mark Jenkins – Chief Financial Officer Conference Call Participants Sharon Zackfia – William Blair Adam Jonas – Morgan Stanley Jeff Lick – Stephens Inc. Chris Bottiglieri – BNP Paribas Michael McGovern – Bank of America Chris Pierce – Needham Seth Basham – Wedbush Securities Brian Nagel – Oppenheimer Rajat Gupta – JPMorgan John Healy – Northcoast Research Nick Jones – Citizens JMP Operator Good day, and welcome to the Carvana Third Quarter 2024 Earnings Call. All participants will be in listen-only mode.
Wednesday, Carvana reported third-quarter Ebitda of of $429 million from sales of $3.7 billion. Wall Street was looking for $330 million and $3.5 billion, respectively.
Online used-car platform blows past Wall Street expectations for its third quarter.