Carvana: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 05:42 PM ET
Last Updated - Jun 22, 2023, 07:47 PM EDT
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Thursday reported a loss of $806 million in its fourth quarter.
The Tempe, Arizona-based company said it had a loss of $7.61 per share. Losses, adjusted for asset impairment costs and restructuring costs, were 97 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $2.30 per share.
The company posted revenue of $2.84 billion in the period, which fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $3.02 billion.
