trending Market Intelligence /marketintelligence/en/news-insights/trending/sNCtBPn5nX8y1nvfk8MY0A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Carvana swings to profit in Q2

Machine Learning and Credit Risk Modelling

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

Barclays Research – Now Available In The S&P Global Market Intelligence Aftermarket Research Collection


Carvana swings to profit in Q2

Carvana Co. said its normalized net income for the second quarter amounted to $34,250, compared with a loss of $11.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.0% from negative 13.1% in the year-earlier period.

Total revenue grew on an annual basis to $209.4 million from $86.5 million, and total operating expenses grew year over year to $245.3 million from $103.8 million.

Reported net income came to a loss of $4.3 million, or a loss of 28 cents per share, compared to a loss of $2.0 million, or a loss of 13 cents per share, in the year-earlier period.