Carvana Posts Strongest Quarter Yet With 38% Sales Growth, Stock Dips on Guidance
Carvana reports 38% sales jump and $513M profit in Q2. Shares fall as full-year EBITDA guidance of $2.7–3.0B trails some forecasts.
Carvana reports 38% sales jump and $513M profit in Q2. Shares fall as full-year EBITDA guidance of $2.7–3.0B trails some forecasts.
Chipotle beat Q2 estimates with $0.33 EPS and $3.35B revenue. Comp sales rose 2.2% on new menu items and value deals. Full-year guidance raised.
Investors wanted higher long-term targets amid premium valuation.
Starbucks reports Q3 global comparable store sales up 7.9%, beating 5.7% forecasts. North America rose 8.1% on higher transactions & ticket.
Robinhood’s Q2 crypto revenue fell 38% to $100M and app volumes dropped 35% to $18B, even as the company beat estimates and prediction markets surged.
Meta posts $60.8B revenue (+28%) beating estimates, yet EPS $6.18 misses as free cash flow plunges to $784M on heavy AI spending.