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Wednesday, August 7, 2019

-=Carvana (CVNA) reported earnings on Wed 7 Aug 2019 (a/h)

Carvana beats by $0.03, beats on revs; raises FY19 revs outlook
  • Reports Q2 (Jun) loss of $0.40 per share, $0.03 better thanthe S&P Capital IQ Consensus of ($0.43); revenues rose 107.5% year/year to $986.22 mln vs the $914.5 mln S&P Capital IQ Consensus.
  • Co raises guidancefor FY19, sees FY19 revs of $3.6-3.7 bln (from $3.5-3.6 bln) vs. $3.65 bln S&P Capital IQ Consensus.
    • Also sees retail unit sales of 167,500-172,500 (from 165-170K).

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