Carvana earnings beat by $0.60, revenue topped estimates

[{"selector":"#anim-4ec64781-dc9c-4feb-8198-eb7d61c9d3e1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Carvana has reached a deal with noteholders to reduce the used car retailer’s total debt outstanding by more than $1.2 billion, the company said Wednesday.

[{"selector":"#anim-b051cc07-dfb2-4331-9c78-e77256d520a5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Carvana (NYSE: CVNA) reported second quarter EPS of $-0.55, $0.60 better than the analyst estimate of $-1.15. Revenue for the quarter came in at $2.97B versus the consensus estimate of $2.6B.

[{"selector":"#anim-cfdab284-d322-40da-a3e0-b0e94acf90bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.26171863629683%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Carvana's stock price closed at $39.80. It is up 388.94% in the last 3 months and up 45.36% in the last 12 months.

[{"selector":"#anim-6b9bc88d-dfb4-47f7-a828-3791b09d84b9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.184827105225587%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Carvana saw 12 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Carvana's stock price’s past reactions to earnings here.

[{"selector":"#anim-84b4b4ca-7d9e-436c-9a36-1974beeaf46c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.937499890397454%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] According to InvestingPro, Carvana's Financial Health score is "fair performance".

[{"selector":"#anim-fad0e8f0-ea0f-484d-bed1-080bec7fc63f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-9.537787919834493%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Check out Carvana's recent earnings performance, and Carvana's financials here.

[{"selector":"#anim-aad7df40-f3c9-44c4-b087-a819f59880f3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-20.08388137203282%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar.

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