Carvana Co., NYSE:CVNA, New York Stock Exchange, Earnings from

Carvana Co. Earnings: What to Expect

Company Overview

Carvana Co. (NYSE:CVNA) is an online used car retailer that has been in business since 2012. The company has been growing rapidly in recent years and is now one of the largest used car retailers in the United States. Carvana sells cars through its website and mobile app, and it offers a variety of financing and delivery options.

Earnings Preview

Carvana is scheduled to report its fourth-quarter 2023 earnings on February 28, 2023. Analysts are expecting the company to report a loss per share of $2.55 on revenue of $3.8 billion. This would be a decrease in earnings per share from the $2.67 that the company reported in the fourth quarter of 2022, but an increase in revenue from the $3.7 billion that the company reported in the fourth quarter of 2022.

Key Metrics to Watch

There are a number of key metrics to watch when Carvana reports its earnings. These metrics include: * Revenue: Revenue is the total amount of money that a company generates from its sales. Carvana's revenue is expected to increase in the fourth quarter of 2023, as the company continues to grow its market share. * Gross profit: Gross profit is the difference between a company's revenue and its cost of goods sold. Carvana's gross profit is expected to increase in the fourth quarter of 2023, as the company benefits from economies of scale. * Operating expenses: Operating expenses are the costs that a company incurs in order to operate its business. Carvana's operating expenses are expected to increase in the fourth quarter of 2023, as the company invests in marketing and technology. * Net income: Net income is a company's profit after all of its expenses have been paid. Carvana's net income is expected to decrease in the fourth quarter of 2023, as the company continues to invest in its growth.

Factors to Consider

There are a number of factors that could affect Carvana's earnings in the fourth quarter of 2023. These factors include: * The overall economy: The overall economy has a significant impact on the used car market. If the economy slows down, consumers are less likely to purchase used cars. * The competitive landscape: Carvana faces competition from a number of other used car retailers, including traditional dealerships and online retailers. Competition is likely to intensify in the future, as more companies enter the used car market. * The regulatory environment: The regulatory environment for the used car industry is constantly changing. Changes in regulation could have a significant impact on Carvana's business.

Conclusion

Carvana is a growing company with a large market opportunity. The company is expected to report a loss per share in the fourth quarter of 2023, but its revenue is expected to increase. Investors should watch Carvana's key metrics, such as revenue, gross profit, operating expenses, and net income, when the company reports its earnings.