Amid stubbornly high inflation and consecutive rate hikes, the Consumer Confidence Index of the Conference Board fell to 100.2 in November, down from 102.2 in October. The index is at its lowest level since July. Moreover…
Carvana Co. (CVNA)
CVNA and its subsidiaries operate an e-commerce platform for buying and selling used cars in the United States.
CVNA’s negative EBIT Margin of 7.78% is lower than the industry average of 7.90%, and its negative net income margin of 5.99% is lower than the industry average of 5.14%.
CVNA’s net sales and operating revenues came in at $3.39 billion for the third quarter that ended September 30, 2022, down 2.7% year-over-year. Its net loss came in at $283 million, up 784.4% year-over-year, while its loss per share came in at $2.67, up 602.6% year-over-year.
CVNA’s revenue is expected to….
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