“Deterioration in market conditions, a bloated cost structure, and high cash burn” are causing Wedbush analysts to foresee a darker future for used car dealer Caravana Co. (NYSE: CVNA).
KAR Auction Services (NYSE:KAR) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.09 by 55.56 percent. This is a 73.33 percent decrease over earnings of $0.15 per share from
KAR Auction Services (NYSE:KAR) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
KAR Auction Services (NYSE:KAR) reported $369.40 million in sales this quarter. This is a 36.49 percent decrease over sales of $581.60 million the same period last year.