Carvana will report its second-quarter results after the market closes on Wednesday. The online used car dealer beat revenue expectations last quarter with $6.43 billion, up 52% year on year, and delivered a strong EBITDA beat. For this quarter, analysts expect revenue growth of 41.5% year on year, roughly in line with the 41.9% growth recorded in the same period last year. Carvana's stock price was unchanged over the last month, heading into earnings with an average analyst price target of $89.83 compared to the current share price of $63.76.
Carvana CoCarvana is reporting Q2 earnings; results are unknown until after close, so impact is ambiguous.
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