Carvana's Earnings Outlook

Carvana CVNA announces its next round of earnings this Wednesday, August 05. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.

Earnings and Revenue

Based on management's projections, Carvana analysts modeled for a loss of $0.83 per share on sales of $1.14 billion. Carvana reported a loss of $0.400 when it published results during the same quarter last year. Sales in that period totaled $986.22 million. If the company were to match the consensus estimate when it reports Wednesday, earnings would be down 107.5%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 180.61%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Carvana is scheduled to hold the call at 17:30:00 ET and can be accessed here: https://services.choruscall.com/links/cvna200805S8Te7Zs1.html