Carvana: Q3 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Wednesday reported third-quarter earnings of $151 million.

On a per-share basis, the Tempe, Arizona-based company said it had profit of $1.03.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The company posted revenue of $5.65 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $5.05 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVNA at https://www.zacks.com/ap/CVNA

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