Carvana Forecasts 222% Earnings Growth, Garners VGM Score B
Carvana’s revenues surged 16-fold from 2017 to 2024, and it holds a Zacks Rank #3 with a VGM Score of B. The company has a Growth Style Score of A with a 222% year-over-year earnings increase forecast, a $5.12 consensus estimate and a 57.1% average earnings surprise.
1. Carvana’s Revenue Growth
Carvana’s revenues increased approximately 16-fold between 2017 and 2024, fueled by its vertically integrated online used-car retail platform covering sales, financing, logistics, inspection and repair services.
2. Zacks Rank and Style Scores
The company is rated Zacks Rank #3 (Hold) and holds a VGM Score of B, alongside a Growth Style Score of A, indicating strong projected financial health and earnings momentum.
3. Analyst Revisions and Forecast
Over the past 60 days, three analysts raised their fiscal 2025 earnings estimates for Carvana, lifting the Zacks Consensus Estimate by $0.02 to $5.12 per share.
4. Earnings Surprise and Outlook
Carvana has delivered an average earnings surprise of +57.1% and is forecast to achieve 222% year-over-year earnings growth in the current fiscal year, highlighting significant upside potential.