Wayfair IncW
▲ PositiveCapitalrelevance
Q2 beat with revenue growth and margin expansion, plus upward estimate revisions and Strong Buy rank.
Impact on stocks 2
Consumer Discretionary
Wayfair Inc
Carvana CoCVNA
Mentioned
Wayfair shares have fallen 12.1% since its second-quarter earnings report, underperforming the S&P 500. The company beat estimates with earnings of 95 cents per share versus the 94-cent consensus, and revenue rose 7.5% year over year to $3.52 billion, driven by U.S. demand and market share gains. Adjusted EBITDA margin expanded 60 basis points to 6.9%, the best since 2021. For the third quarter, Wayfair expects high single-digit revenue growth and an adjusted EBITDA margin of 6% to 7%. Analysts have revised estimates upward, and the stock holds a Zacks Rank #1 (Strong Buy).
Wayfair IncQ2 beat with revenue growth and margin expansion, plus upward estimate revisions and Strong Buy rank.
Carvana Co