[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-carvana-bull-cliff-sosin-sees-few-scenarios-where-it-works-out-really-badly-margins-decide-october-28-EN":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":259,"relatedPosts":265,"suggestedPosts":343},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":239,"editor":245,"categories":250,"relatedPosts":256,"seo":257},146239,"Carvana Bull Cliff Sosin Sees “Few Scenarios Where It Works Out Really Badly.” Margins Decide October 28","2026-10-27T13:32:26","2026-10-27T13:32:38","\u003Cp>Units are the easy part\u003C\u002Fp>\n","\n\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">\u003Cstrong>Key Takeaways\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Carvana reports third-quarter results after the close on Wednesday, Oct. 28. In the second quarter, its adjusted EBITDA margin fell to 10.4% from 12.4%, mostly because of a change in how it books revenue on some vehicles.\u003C\u002Fli>\n\n\n\n\u003Cli>Major shareholder Cliff Sosin says Carvana’s infrastructure and brand leave “few scenarios where it works out really badly.”\u003C\u002Fli>\n\n\n\n\u003Cli>Analysts expect normalized EPS to rise 37% in 2027. Higher profit per car would help, but more sales and cheaper funding can lift earnings too.\u003C\u002Fli>\n\n\n\n\u003Cli>The number to watch is adjusted EBITDA per car against $4,085 a year ago. The stock trades at about 28x forward earnings, down from 63x at the end of 2025.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Carvana (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=424080297&amp;tid=426599749\">CVNA\u003C\u002Fa>)\u003C\u002Fstrong>&nbsp;reports its third-quarter results after the close on Wednesday, Oct. 28. One of its biggest backers just argued that the downside is limited.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">On the latest episode of&nbsp;\u003Ca href=\"https:\u002F\u002Fcolossus.com\u002Fepisode\u002Fthe-limits-of-intelligence\u002F\">Invest Like the Best\u003C\u002Fa>, Cliff Sosin explained why he’s comfortable owning so much of the stock. Carvana made up about 79% of his firm CAS Investment Partners’ disclosed portfolio at the end of June, so this is a man talking his book. His reason:\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">“Carvana’s infrastructure and brand and everything else is just so differentiated that there are few scenarios where it works out really badly.”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He compared it to finding Walmart, Home Depot or Fastenal early, when spreading your money around would have kept you from getting the full benefit.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">That’s a lot of conviction heading into a quarter where margins are the open question.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-record-units-thinner-margins\" class=\"wp-block-heading\">Record Units, Thinner Margins\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Carvana’s second quarter showed growth at full speed. Revenue rose 52% to $7.38 billion, and retail units hit a record 197,325, up 38%. Revenue ran ahead of units mainly because Carvana now books certain cars from a large retail marketplace partner at their full sale price.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Reported gross margin fell to 18.8% from 22.0%, though that same revenue change muddies the comparison. Management said it was the main reason adjusted EBITDA margin fell to 10.4% from 12.4%, and it stops affecting year-over-year comparisons this quarter. Gross margin has now sat below 20% for three straight quarters:\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1120\" height=\"746\" data-public-id=\"images\u002Fimage-643_146385d6631\u002Fimage-643_146385d6631.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1120,h_746,c_scale\u002Ff_webp,q_auto\u002Fv1793107516\u002Fimages\u002Fimage-643_146385d6631\u002Fimage-643_146385d6631.png?_i=AA\" alt=\"carvana line chart CVNA Quarterly Gross Margin: Q3 2023-Q2 2026 (TIKR)\" class=\"wp-post-146239 wp-image-146385\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793107516\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793107516\u002Fimages\u002Fimage-643_146385d6631\u002Fimage-643_146385d6631.png?_i=AA 1120w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793107516\u002Fimages\u002Fimage-643_146385d6631\u002Fimage-643_146385d6631.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793107516\u002Fimages\u002Fimage-643_146385d6631\u002Fimage-643_146385d6631.png?_i=AA 300w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">CVNA Quarterly Gross Margin: Q3 2023-Q2 2026 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Profit per car fell too, and Carvana chose part of that. It passed more than a percentage point of rate cuts on to its loan customers and was up against a tariff-related benefit of about $100 per car a year earlier. Higher fuel prices, rising benchmark rates and tight inventory added to the squeeze. CEO Ernie Garcia said on the second-quarter call that the rate cuts were “not something that we’ve been fully paid back for in growth.”\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-tikr-tracks-24-analysts-on-carvana-how-many-say-buy\" class=\"wp-block-heading\">\u003Cstrong>TIKR Tracks 24 Analysts on Carvana. How Many Say “Buy”?\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">See the full breakdown of Buy, Hold, and Sell ratings on Carvana, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one.&nbsp;\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">See Carvana’s Analyst Ratings\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-why-carvana-stock-fell-on-a-record-quarter\" class=\"wp-block-heading\">Why Carvana Stock Fell on a Record Quarter\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Record units weren’t enough last time. Carvana guided to full-year adjusted EBITDA of $2.7 billion to $3.0 billion, up from $2.24 billion in 2025. But the midpoint sat below Wall Street forecasts that clustered near or above $3 billion, and the stock dropped sharply the next day. Adjusted EBITDA rose 28% to $769 million in the quarter, even as adjusted EBITDA per car slipped to $3,897 from $4,195.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Three months on, consensus sits at $2.94 billion, near the top of that range. The Street is still betting on the high end.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-where-carvana-s-2027-growth-has-to-come-from\" class=\"wp-block-heading\">Where Carvana’s 2027 Growth Has to Come From\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Analysts expect normalized EPS to slip to $1.65 in 2026 from $1.69, then climb to $2.26 in 2027 and $2.61 in 2028:\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793098250\u002Fimages\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png?_i=AA\" alt=\"Bar chart from TIKR of Carvana&#039;s normalized EPS, actual and consensus estimates, $ per share, fiscal 2023–2028.\" class=\"wp-post-146239 wp-image-146238\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793098250\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793098250\u002Fimages\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793098250\u002Fimages\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793098250\u002Fimages\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793098250\u002Fimages\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793098250\u002Fimages\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028\u002F2026-10-27_ic8e61d8b1a_CVNA_eps_estimates_2023-2028.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">CVNA Normalized EPS Estimates: 2023-2028 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">That 2026 dip comes even though first-half pre-tax income rose 49% to $1.02 billion. A 37% jump in 2027 can come from more cars, cheaper funding or more profit on each sale. The second quarter showed the first two at work: total profit grew while profit per car fell, and net interest expense dropped to $101 million from $143 million.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Investors aren’t paying up for that. Carvana trades at about 28x forward earnings, down from 63x at the end of 2025 and below every quarter-end reading since its earnings turned positive in late 2024. Analysts’ 2027 estimates have risen over the same stretch.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-wednesday-has-to-show\" class=\"wp-block-heading\">What Wednesday Has to Show\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Adjusted EBITDA per car above $4,085, last year’s third-quarter figure. The second quarter’s $3,897 was up $311 from the first quarter.\u003C\u002Fli>\n\n\n\n\u003Cli>Inventory growing at least as fast as sales. On the second-quarter call, Garcia admitted that “inventory has undergrown sales over the last several months.”\u003C\u002Fli>\n\n\n\n\u003Cli>The full-year guide holding at $2.7 billion to $3.0 billion, or moving toward the $2.94 billion consensus.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">Sosin’s Case Gets Its Next Test\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Sosin’s long-term case looks stronger than a 28x multiple suggests to me, and Wednesday doesn’t need to be perfect. Profit per car already turned up from the first quarter to the second. A third-quarter figure above $4,085 would mark a return to year-over-year growth in adjusted EBITDA per car, and with the revenue change lapped, the margin comparison gets clean again too.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Fall short again, and it’s four quarters running without year-over-year growth in profit per car. That’s when the market starts pricing in the scenarios Sosin doesn’t see. One quarter won’t settle Carvana’s goal of 3 million cars a year at a 13.5% adjusted EBITDA margin by 2030 to 2035, but it will show whether the path still points there.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-carvana-stock-actually-worth\" class=\"wp-block-heading\">So what is Carvana stock actually worth?\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR&#8217;s valuation model and see what Carvana could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It&#8217;s free to use.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">Value Carvana for free\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>Disclaimer:\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal&#8217;s investment data and analysts&#8217; estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!\u003C\u002Fem>\u003C\u002Fp>\n",1058,"en","\u002Fblog\u002Fcarvana-bull-cliff-sosin-sees-few-scenarios-where-it-works-out-really-badly-margins-decide-october-28","carvana-bull-cliff-sosin-sees-few-scenarios-where-it-works-out-really-badly-margins-decide-october-28","images\u002F4-7_130951a91f6\u002F4-7_130951a91f6","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1789471538\u002Fimages\u002F4-7_130951a91f6\u002F4-7_130951a91f6.png?_i=AA",{"altText":237,"imageCredit":238},"Carvana Bull Cliff Sosin Sees &#8220;Few Scenarios Where It Works Out Really Badly.&#8221; Margins Decide October 28","@Minerva Studio via Canva, @Aнастасия Янишевская via Canva",{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":244},"Gian Estrada","giantikr","author","",[],{"name":246,"slug":247,"role":248,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":249},"David Hanson","davidtikr","editor",[],[251],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},"General Investing","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":237,"metaDesc":258,"opengraphDescription":258,"twitterTitle":237,"twitterDescription":258},"Units are the easy part",{"title":225,"description":258,"twitterTitle":225,"twitterDescription":258,"author":240,"articlePublisher":260,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":261,"twitterData1":262,"ogTitle":225,"ogDescription":258,"ogUrl":232,"ogImage":235,"ogImageWidth":263,"ogImageHeight":264,"ogImageSecureUrl":235,"ogImageAlt":237,"twitterImage":235},"TIKR.com","Est. reading time","6 minutes",1200,630,[266,283,298,313,328],{"id":255,"title":267,"date":268,"excerpt":269,"wordCount":270,"uri":271,"slug":272,"cloudinaryAssetId":273,"featuredImageOriginalUrl":274,"featuredImageMetadata":275,"author":276,"categories":280,"relatedPosts":282},"PepsiCo Slips 10% in Six Months as Coca-Cola Lifts Its Outlook and KFC Defects","2026-10-27 13:30:00","PepsiCo lags as Coca-Cola lifts its outlook, KFC defects and a cut 2026 EPS guide leans on international growth.",905,"\u002Fblog\u002Fpepsico-slips-10-in-six-months-as-coca-cola-lifts-its-outlook-and-kfc-defects","pepsico-slips-10-in-six-months-as-coca-cola-lifts-its-outlook-and-kfc-defects","images\u002FPEP-stock-1_146295e26e3\u002FPEP-stock-1_146295e26e3","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793103666\u002Fimages\u002FPEP-stock-1_146295e26e3\u002FPEP-stock-1_146295e26e3.png?_i=AA",{"altText":267},{"name":277,"slug":278,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":279},"Rexielyn Diaz","rexietikr",[],[281],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":284,"date":285,"excerpt":286,"wordCount":287,"uri":288,"slug":289,"cloudinaryAssetId":290,"featuredImageOriginalUrl":291,"featuredImageMetadata":292,"author":293,"categories":295,"relatedPosts":297},"Microsoft Reports October 28 With Hyperscalers Down a Quarter Since May. Cash Flow Is the Test","2026-10-27 13:20:18","Microsoft can still pay its own AI bill. Wednesday shows how much room is left.",1077,"\u002Fblog\u002Fmicrosoft-reports-october-28-with-hyperscalers-down-a-quarter-since-may-cash-flow-is-the-test","microsoft-reports-october-28-with-hyperscalers-down-a-quarter-since-may-cash-flow-is-the-test","images\u002FMicrosoft-Chip-and-Vistra\u002FMicrosoft-Chip-and-Vistra","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792430733\u002Fimages\u002FMicrosoft-Chip-and-Vistra\u002FMicrosoft-Chip-and-Vistra.png?_i=AA",{"altText":284},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":294},[],[296],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":299,"date":300,"excerpt":301,"wordCount":302,"uri":303,"slug":304,"cloudinaryAssetId":305,"featuredImageOriginalUrl":306,"featuredImageMetadata":307,"author":308,"categories":310,"relatedPosts":312},"Pinterest Bets on an Amazon Ads Veteran After a $2 Billion Buyback: “Exceptional Finance Leader”","2026-10-27 13:20:00","Pinterest slid 4.9% as Amazon veteran James Dibbo took over as CFO, two days before a slower Q3 report.",883,"\u002Fblog\u002Fpinterest-bets-on-an-amazon-ads-veteran-after-a-2-billion-buyback-exceptional-finance-leader","pinterest-bets-on-an-amazon-ads-veteran-after-a-2-billion-buyback-exceptional-finance-leader","images\u002FPINS-stock_1462931e69a\u002FPINS-stock_1462931e69a","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793103580\u002Fimages\u002FPINS-stock_1462931e69a\u002FPINS-stock_1462931e69a.png?_i=AA",{"altText":299},{"name":277,"slug":278,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":309},[],[311],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":314,"date":315,"excerpt":316,"wordCount":317,"uri":318,"slug":319,"cloudinaryAssetId":320,"featuredImageOriginalUrl":321,"featuredImageMetadata":322,"author":323,"categories":325,"relatedPosts":327},"Dollar General Fell 4% as FTC, 20 States Sue Over Deceptive Pricing: \"Betrayed the Trust\"","2026-10-27 13:11:50","Not a great look for a chain built on low prices",713,"\u002Fblog\u002Fdollar-general-fell-4-as-ftc-20-states-sue-over-deceptive-pricing-betrayed-the-trust","dollar-general-fell-4-as-ftc-20-states-sue-over-deceptive-pricing-betrayed-the-trust","images\u002Fglum-man-in-a-beige-suit-falling-chart-over-a-city\u002Fglum-man-in-a-beige-suit-falling-chart-over-a-city","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793044121\u002Fimages\u002Fglum-man-in-a-beige-suit-falling-chart-over-a-city\u002Fglum-man-in-a-beige-suit-falling-chart-over-a-city.png?_i=AA",{"altText":314},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":324},[],[326],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":329,"date":330,"excerpt":331,"wordCount":332,"uri":333,"slug":334,"cloudinaryAssetId":335,"featuredImageOriginalUrl":336,"featuredImageMetadata":337,"author":338,"categories":340,"relatedPosts":342},"Qualcomm Pledges Global Layoffs as Handset Revenue Falls 20%: “Stronger Performance Culture”","2026-10-27 13:10:00","Qualcomm will cut jobs worldwide as handset revenue slides, with a soft Q4 guide facing its test November 4.",893,"\u002Fblog\u002Fqualcomm-pledges-global-layoffs-as-handset-revenue-falls-20-stronger-performance-culture","qualcomm-pledges-global-layoffs-as-handset-revenue-falls-20-stronger-performance-culture","images\u002FQCOM-stock_1462901d98d\u002FQCOM-stock_1462901d98d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793103285\u002Fimages\u002FQCOM-stock_1462901d98d\u002FQCOM-stock_1462901d98d.png?_i=AA",{"altText":329},{"name":277,"slug":278,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":339},[],[341],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],[344,364,382,397,417,432,447,462],{"id":255,"title":345,"date":346,"excerpt":347,"wordCount":348,"uri":349,"slug":350,"cloudinaryAssetId":351,"featuredImageOriginalUrl":352,"featuredImageMetadata":353,"author":354,"categories":358,"relatedPosts":363},"Down 7% In Last 12 Months, Can Affirm Stock Give Better Returns in 2026?","2026-10-27 13:02:00","Affirm stock is down 8% in a year. See what TIKR’s Valuation Model says about AFRM’s upside, with a $97 price target by June 2029.",1112,"\u002Fblog\u002Faffirm-afrm-stock-valuation-2026","affirm-afrm-stock-valuation-2026","images\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793017247\u002Fimages\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva.png?_i=AA",{"altText":345},{"name":355,"slug":356,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":357},"Aditya Raghunath","adityatikr",[],[359],{"name":360,"slug":361,"uri":362,"description":243,"postsCount":255},"Valuation","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":255,"title":365,"date":366,"excerpt":367,"wordCount":368,"uri":369,"slug":370,"cloudinaryAssetId":371,"featuredImageOriginalUrl":372,"featuredImageMetadata":373,"author":374,"categories":376,"relatedPosts":381},"Verizon Stock Falls Despite Strong Earnings Beat And Raised Guidance","2026-10-27 12:28:00","Verizon beat subscriber estimates, raised guidance and signed a $2B AWS deal, but shares fell. See what it means for Verizon stock.",599,"\u002Fblog\u002Fverizon-stock-earnings-beat-raised-guidance-aws-deal","verizon-stock-earnings-beat-raised-guidance-aws-deal","images\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793096188\u002Fimages\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1.png?_i=AA",{"altText":365},{"name":355,"slug":356,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":375},[],[377],{"name":378,"slug":379,"uri":380,"description":243,"postsCount":255},"Earnings Updates","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[],{"id":255,"title":383,"date":384,"excerpt":385,"wordCount":386,"uri":387,"slug":388,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":389,"featuredImageMetadata":390,"author":391,"categories":393,"relatedPosts":396},"Novartis Already Paid for Its $1.9 Billion Write-Down. The Raise Is the New Part","2026-10-27 09:08:39","Novartis wrote off 26% of del-desiran but kept $5.5 billion of it on the books, and raised profit guidance while free cash flow fell 18%. Here’s the math.\n",763,"\u002Fblog\u002Fnovartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","novartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FFEATURED-IMAGE-MAKER-1904-600x400.png",{"altText":383},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":392},[],[394],{"name":76,"slug":75,"uri":395,"description":243,"postsCount":255},"\u002Fblog\u002Fcategory\u002Ffundamental-analysis",[],{"id":255,"title":398,"date":399,"excerpt":400,"wordCount":401,"uri":402,"slug":403,"cloudinaryAssetId":404,"featuredImageOriginalUrl":405,"featuredImageMetadata":406,"author":407,"categories":411,"relatedPosts":416},"CleanSpark Stock Fell 39% in October. Its Landlord Bet Now Rides on Meta’s Credit","2026-10-26 21:10:00","CleanSpark won a Buy rating on October 22 that cited its Meta-backed lease, the same day the cost of insuring Meta’s debt hit a record. Shares fell, though less than peers. A signed Texas lease is the test.",882,"\u002Fblog\u002Fcleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","cleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","images\u002F9-16_1460328ff08\u002F9-16_1460328ff08","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046765\u002Fimages\u002F9-16_1460328ff08\u002F9-16_1460328ff08.png?_i=AA",{"altText":398},{"name":408,"slug":409,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":410},"Wiltone Asuncion","wiltonetikr",[],[412],{"name":413,"slug":414,"uri":415,"description":243,"postsCount":255},"Stock Reviews","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":255,"title":418,"date":419,"excerpt":420,"wordCount":421,"uri":422,"slug":423,"cloudinaryAssetId":424,"featuredImageOriginalUrl":425,"featuredImageMetadata":426,"author":427,"categories":429,"relatedPosts":431},"Block Stock Is Cheaper Than at the End of 2025 Despite Higher Profit Forecasts. Here’s Where It Could Go by 2030","2026-10-26 21:05:00","Wall Street's next-12-month earnings estimate for Block rose 51% this year, while the stock rose 17%. BMO says the multiple is stuck. Block's CFO has said when Neighborhoods should start showing up in Cash App users, and the first report in that window is due November 3.",947,"\u002Fblog\u002Fblock-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","block-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","images\u002F8-15_14603149a44\u002F8-15_14603149a44","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046753\u002Fimages\u002F8-15_14603149a44\u002F8-15_14603149a44.png?_i=AA",{"altText":418},{"name":408,"slug":409,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":428},[],[430],{"name":413,"slug":414,"uri":415,"description":243,"postsCount":255},[],{"id":255,"title":433,"date":434,"excerpt":435,"wordCount":436,"uri":437,"slug":438,"cloudinaryAssetId":439,"featuredImageOriginalUrl":440,"featuredImageMetadata":441,"author":442,"categories":444,"relatedPosts":446},"Disney Stock Rose 10 Sessions in a Row While Bidding $20 Million for Character.AI’s Technology. Here’s Where It Could Go by 2030","2026-10-26 21:00:00","Disney climbed 11% in three weeks, including 10 straight gains, while lining up most of bankrupt Character.AI’s engineers. Thirty-one states and DC now object to the sale rules. Nearly all of October’s gain came from a higher multiple, so the November 17 report has to supply the earnings.",926,"\u002Fblog\u002Fdisney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","disney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","images\u002F7-16_1460307b672\u002F7-16_1460307b672","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046759\u002Fimages\u002F7-16_1460307b672\u002F7-16_1460307b672.png?_i=AA",{"altText":433},{"name":408,"slug":409,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":443},[],[445],{"name":413,"slug":414,"uri":415,"description":243,"postsCount":255},[],{"id":255,"title":448,"date":449,"excerpt":450,"wordCount":451,"uri":452,"slug":453,"cloudinaryAssetId":454,"featuredImageOriginalUrl":455,"featuredImageMetadata":456,"author":457,"categories":459,"relatedPosts":461},"Pfizer Rose Nearly 21% in 2026 as Its Forward P\u002FE Climbed From About 9 to 11 Times. Here’s What November 3 Has to Show","2026-10-26 20:55:00","Pfizer climbed above Wall Street’s mean price target in October even as its forward EPS estimate fell. The third-quarter report on November 3 is the first test of whether that higher multiple holds.",862,"\u002Fblog\u002Fpfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","pfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","images\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046762\u002Fimages\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2.png?_i=AA",{"altText":448},{"name":408,"slug":409,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":458},[],[460],{"name":413,"slug":414,"uri":415,"description":243,"postsCount":255},[],{"id":255,"title":463,"date":464,"excerpt":465,"wordCount":466,"uri":467,"slug":468,"cloudinaryAssetId":469,"featuredImageOriginalUrl":470,"featuredImageMetadata":471,"author":472,"categories":474,"relatedPosts":476},"Pinterest Has Fallen After 4 of Its Last 5 Earnings Reports. Here’s What October 29 Needs to Show","2026-10-26 20:53:00","Pinterest has dropped the session after four of its last five earnings reports, even though it beat revenue estimates in four of those quarters. Its next-quarter outlook has tracked the stock more closely, and its CEO tied the new CFO search to selling ads beyond Pinterest’s own app.",872,"\u002Fblog\u002Fpinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","pinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","images\u002F5-16_1460283708d\u002F5-16_1460283708d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046769\u002Fimages\u002F5-16_1460283708d\u002F5-16_1460283708d.png?_i=AA",{"altText":463},{"name":408,"slug":409,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":473},[],[475],{"name":413,"slug":414,"uri":415,"description":243,"postsCount":255},[]]