Carvana reported record quarterly results for the second quarter but expects earnings of between $2.7 billion and $3 billion this year. This guidance has disappointed Wall Street, leading to a decline in the company's stock price.
Carvana (CVNA) is sinking after the online car retailer gave an annual adjusted Ebitda forecast with a midpoint below analyst estimates.
Carvana Co. said its full-year earnings may fall short of Wall Street’s expectations as the used-car retailer’s rapid growth slowed and per-car profit slipped in the most recent quarter.
Carvana Reports Record Q2 Beat — Stock Falls Anyway
Carvana Stock Falls After Earnings as Guidance Leaves More Questions Than Answers
Carvana Auto Sales Jump 40%, Shares Slump 15%
Carvana's Q2 Collision: Stock Tumbles Despite Earnings Beat