Carvana: Q1 Earnings Snapshot

Published May 4, 2023 4:55 PM

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Thursday reported a loss of $160 million in its first quarter.

On a per-share basis, the Tempe, Arizona-based company said it had a loss of $1.51.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.87 per share.

The company posted revenue of $2.61 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $2.56 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVNA at https://www.zacks.com/ap/CVNA

Article Topic Follows: AP National Business

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