
Online used car dealer Carvana (NYSE: CVNA) will be reporting results this Wednesday after market close. Here’s what to look for.
Carvana beat analysts’ revenue expectations last quarter, reporting revenues of $6.43 billion, up 52% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Carvana a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Carvana’s revenue to grow 41.5% year on year, in line with the 41.9% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Carvana has a history of exceeding Wall Street’s expectations.
Looking at Carvana’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Alphabet delivered year-on-year revenue growth of 24.2%, beating analysts’ expectations by 2.2%, and Netflix reported revenues up 13.4%, in line with consensus estimates. Alphabet traded down 7.1% following the results while Netflix was also down 7.3%.
Read our full analysis of Alphabet’s results here and Netflix’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Carvana’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $89.83 (compared to the current share price of $63.76).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.