Edition:
United Kingdom

Carvana Adjusted Net Loss Per Class A Share Was $0.53 In Quarter


Wednesday, 8 May 2019 

May 8 (Reuters) - Carvana Co ::CARVANA ANNOUNCES FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 REVENUE $755.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $709.7 MILLION.QTRLY RETAIL UNITS SOLD OF 36,766 AN INCREASE OF 99% YOY.QTRLY VEHICLES PURCHASED DIRECTLY FROM CUSTOMERS UP 232% YOY.BASIC AND DILUTED NET LOSS, INCLUDING GIFT, PER CLASS A SHARE WAS $0.69 IN QUARTER.ADJUSTED NET LOSS PER CLASS A SHARE WAS $0.53 IN QUARTER.SEES 2019 RETAIL UNIT SALES OF 165,000 – 170,000, AN INCREASE OF 75% – 81%.SEES 2019 REVENUE OF $3.5 BILLION – $3.6 BILLION, AN INCREASE OF 79% – 84%.SEES 2019 TOTAL GROSS PROFIT PER UNIT EX-GIFT OF $2,450 – $2,650, AN INCREASE FROM $2,133. 

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