- Carvana press release ( NYSE: CVNA ): Q2 GAAP EPS of -$2.35 misses by $0.47 .
- Revenue of $3.88B (+16.2% Y/Y) misses by $110M .
- Shares +11% .
- We continue to expect sequential improvements in SG&A per retail unit sold in Q3 vs. Q2 and again in Q4 vs. Q3 on a consolidated basis, inclusive of ADESA SG&A expenses.
- we continue to expect a return to >$4,000 total GPU and significant positive EBITDA in FY 2023, both including and excluding ADESA gross profit and SG&A expenses.
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Carvana GAAP EPS of -$2.35 misses by $0.47, revenue of $3.88B misses by $110M