New Strong Buy Stocks for August 1st
NVCR, KGC, CVNA, KNSA and MU have been added to the Zacks Rank #1 (Strong Buy) List on August 1, 2024.
Carvana shares surge on robust 2024 core profit forecast
Shares of Carvana surged nearly 13% in premarket trade a day after the used car retailer forecast annual core profit above Wall Street estimates, as more car buyers consider shopping online.
Carvana (CVNA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Carvana (CVNA) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Carvana Co. (CVNA) Q2 2024 Earnings Call Transcript
Carvana Co. (NYSE:CVNA ) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Michael Montani - Evercore ISI Adam Jonas - Morgan Stanley Chris Pierce - Needham Brian Nagel - Oppenheimer Michael Baker - D.A. Davidson Sharon Zackfia - William Blair Seth Basham - Wedbush Securities Nicholas Jones - Citizens JMP John Colantuoni - Jefferies Marvin Fong - BTIG Doug Arthur - Huber Research Partners Rajat Gupta - JPMorgan Operator Good day, and welcome to the Carvana Second Quarter 2024 Earnings Call.
Carvana posts surprise profit as retail vehicle sales rise 33%
Shares of Carvana Co. rallied more than 7% in the extended session Wednesday after the online used-car retailer posted a surprise quarterly profit, seeing a 33% rise in retail vehicle sales.
Carvana beats Wall Street's second-quarter expectations, guides toward record year
Carvana expects 2024 to be a record year for the used car retailer, including projecting adjusted EBITDA of between $1 billion and $1.2 billion. The company's second-quarter net income was $48 million and net income margin was 1.4%.
Carvana's Car Sales Surged as Revenue Beat Forecasts
Carvana sold 101,440 vehicles in the second quarter, up 33% from the second quarter of 2023, and beating expectations.
Carvana forecasts 2024 core profit above Wall Street expectations
Carvana forecast annual core profit above analysts' expectations on Wednesday, driven by strong demand for its used vehicles and improved inventory management, which helped the used-car retailer protect its margins.
Will Carvana Stock Make Another Outsized Move After Earnings?
Carvana Co (NYSE:CVNA) is ready to step into the earnings confessional after the close tomorrow, July 31.
Is Carvana (CVNA) Worth Buying Pre-Q2 Earnings Release?
Carvana CVNA is slated to release second-quarter 2024 results on Jul 31, after the market close. The Zacks Consensus Estimate for the to-be-reported quarter is breakeven earnings on revenues of $3.2 billion.
It's Time to Rotate Into These Russell 2000 Stocks
The Russell 2000 INDEXRUSSELL: RUT has lagged the broad market for years because its small-cap names carry larger-than-average risk in economically constrained environments. Economic constraints include inflation, higher interest rates, and the unknown impact on consumer spending and earnings, but those headwinds are easing.
Countdown to Carvana (CVNA) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for Carvana (CVNA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
