Carvana Co (NYSE:CVNA) shares are jumping on Wednesday. Investors are positioning themselves ahead of the company’s fourth‑quarter earnings report, which is set to be released after the closing bell.
- Carvana shares are powering higher. What’s behind CVNA gains?
What Analysts Expect This Quarter
Analysts expect Carvana to post fourth‑quarter revenue of $5.23 billion, up from $3.55 billion in the same quarter last year, according to Benzinga Pro. The company has topped Wall Street’s revenue estimates in seven straight quarters.
On the earnings side, analysts are looking for fourth‑quarter EPS of $1.12, compared with 56 cents a year ago. Carvana has beaten profit expectations in eight of the last ten quarters.
In the third-quarter, Carvana reported 55% year‑over‑year revenue growth and sold 155,941 vehicles. The company has said it aims to sell …