Carvana Co reports results for the quarter ended September 30 - Earnings Summary

• Carvana Co CVNA.N reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 26 cents to 80 cents per share.

• Revenue rose 42.4% to $8.04 billion from a year ago; analysts expected $7.70 billion.

• Carvana Co's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $289 million.

• Carvana Co shares had fallen by 5.3% this quarter and lost 29.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 9 "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 $83.00, about 28.9% above its last closing price of $59.05

This summary was machine generated from LSEG data October 28 at 09:02 p.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)