Carvana: Q1 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Thursday reported a loss of $160 million in its first quarter.

On a per-share basis, the Tempe, Arizona-based company said it had a loss of $1.51.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.87 per share.

The company posted revenue of $2.61 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $2.56 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CVNA at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up