Revenue segments as reported by the company.

Used Vehicle Sales

Wholesale Vehicle Sales

Other Revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Interest Expense

Other Expense

Goodwill impairment

Gain on debt extinguishment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Carvana

Carvana Co. is a holding company and an eCommerce platform, engages in the buying of used cars and provision of different and convenient car buying experiences. It operates through the following segments: Vehicle Sales, Wholesale Vehicle Sales, and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle sales to customers through its website. The Wholesale Vehicle Sales segment consists of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment consists of sales of automotive finance receivables originated and sold to third parties. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Carvana tackles challenges, focuses on profitability and operational efficiency

Carvana is navigating challenges from supply chain disruptions and rising interest rates while focusing on reducing expenses, improving operational efficiency, and achieving profitability. The company's performance in Q4 2022 was impacted by unique items, but they have a strategic plan in place to drive financial progress and leverage opportunities for growth.

Carvana focuses on profitability, eyes positive Q2 EBITDA growth

Carvana's Q1 2023 performance showcased a shift towards profitability and operational efficiency.
Despite challenges in retail units sold and revenue, the company is poised for positive adjusted EBITDA in Q2.
Strengths in cost reduction, sourcing improvements, and liquidity position Carvana for future growth.
Opportunities in backlog receivables, loan sales, and market share expansion offer avenues for continued success.

Carvana excels in Q2 with record GPU and debt reduction

Carvana's strong Q2 performance showcased positive adjusted EBITDA, record GPU, and successful expense reduction. Despite market challenges, the company remains focused on profitability, operational efficiency, and growth plans.

Carvana reports strong Q3 earnings, eyes profitable growth opportunities

Carvana's strategic plan focuses on operational efficiency before growth, aiming for positive adjusted EBITDA and total GPU above 5,000. The company remains optimistic about becoming the largest and most profitable auto retailer.

Carvana reports record-breaking Q4 earnings, eyes growth opportunities in 2024

Carvana's exceptional financial performance in 2023 continued into Q4, with record GPU and adjusted EBITDA. Despite challenges in retail unit sales and revenue decline, the company remains optimistic about growth opportunities and efficiency gains. With a focus on balancing efficiency and growth, Carvana is poised for continued success in 2024.

Carvana achieves record profitability in Q1 2024 earnings call

Carvana's Q1 2024 performance reflects strong financial metrics, operational efficiency, and customer-centric strategies.
The company's focus on scalability, efficiency gains, and technology-driven improvements positions it for sustainable growth.
While challenges and competition persist, Carvana's emphasis on customer experience and financial discipline bodes well for future success.
With a solid foundation and strategic initiatives in place, Carvana is poised to capitalize on growth opportunities and enhance profitability.

Carvana excels in Q2, eyes market expansion and customer-centric strategies

Carvana's landmark Q2 solidified its lead as a fast-growing and profitable automotive retailer. The company's focus on customer experience, growth, and long-term vision of becoming the largest in the industry remains unwavering.

Carvana achieves record-breaking Q3 results and plans for growth

Carvana's Q3 performance was outstanding, setting new records and surpassing expectations.
While facing challenges like increased advertising spend, the company is well-positioned for growth.
Continued focus on operational excellence and customer satisfaction will drive future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Carvana Co. is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.

For full-year 2024, Carvana expects adjusted EBITDA to be significantly above the high end of the prior guided range of $1-$1.2 billion.

CVNA Puts Up Stellar Q3 Show: Earnings & Sales Top Estimates, Rise Y/Y

On October 30, Carvana (NYSE: CVNA), a leading e-commerce platform for purchasing and selling cars announced its Q3 2024 results.

Analysts revise Carvana stock price targets

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Shares in Carvana Co. (NYSE:CVNA) 'motored' 20% after the online used car specialist posted a strong quarterly performance, with adjusted earnings (EBITDA) hitting $429 million, well above analyst expectations of $326.8 million. Revenue for the quarter rose to $3.66 billion, surpassing the forecast of $3.46 billion.

Carvana shares motor 20% after earnings beat

Carvana (CVNA) shares soared in extended trading on Wednesday after the online car dealer blew past Wall Street's third quarter estimates and raised its full-year outlook, boosted by strong vehicle sales.

Carvana Levels to Watch as Stock Jumps 20% on Strong Earnings, Outlook Boost

The headline numbers for Carvana (CVNA) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Carvana (CVNA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Carvana Co. (NYSE:CVNA ) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Meg Kehan – Investor Relations Ernie Garcia – Chief Executive Officer Mark Jenkins – Chief Financial Officer Conference Call Participants Sharon Zackfia – William Blair Adam Jonas – Morgan Stanley Jeff Lick – Stephens Inc. Chris Bottiglieri – BNP Paribas Michael McGovern – Bank of America Chris Pierce – Needham Seth Basham – Wedbush Securities Brian Nagel – Oppenheimer Rajat Gupta – JPMorgan John Healy – Northcoast Research Nick Jones – Citizens JMP Operator Good day, and welcome to the Carvana Third Quarter 2024 Earnings Call. All participants will be in listen-only mode.

Carvana Co. (CVNA) Q3 2024 Earnings Call Transcript

Wednesday, Carvana reported third-quarter Ebitda of of $429 million from sales of $3.7 billion. Wall Street was looking for $330 million and $3.5 billion, respectively.

Carvana Smashes Wall Street Earnings Estimates. The Stock Is Soaring.

Online used-car platform blows past Wall Street expectations for its third quarter.

Carvana's stock soars 20% as used-car retailer calls for better times ahead

Carvana raised its 2024 earnings guidance, saying it would be "significantly above the high end" of its previous target. The online used car retailer easily beat Wall Street's estimates for earnings and revenue.

Carvana raises 2024 earnings guidance after topping Wall Street's Q3 expectations

PHOENIX--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2024. Carvana's complete third quarter 2024 financial results and management commentary are available in the company's shareholder letter on the quarterly results page of its Investor Relations website. “Carvana's exceptional results underscore our position as the fastest-growing and most profitable automotive.

Carvana Announces Industry-Leading Third Quarter 2024 Results

An anticipated sequential increase in retail sales is likely to boost Carvana earnings.

Carvana On Deck After Used-Car Seller Guided To A Record 2024

Carvana CVNA is slated to release third-quarter 2024 results tomorrow after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 23 cents per share and $3.43 billion, respectively.

Evaluating Carvana Stock Pre-Q3 Earnings: Buy, Hold, or Avoid?

Besides Wall Street's top -and-bottom-line estimates for Carvana (CVNA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Curious about Carvana (CVNA) Q3 Performance? Explore Wall Street Estimates for Key Metrics

Carvana (CVNA) stock price has gone parabolic in the past two years, making it one of the best-performing companies in the United States. It soared to a high of $201.40, its highest level since January 2022, and 5,200% higher than its lowest point in December 2022.

Expensive Carvana stock could soar by another 85%

In the most recent trading session, Carvana (CVNA) closed at $202.53, indicating a +1.15% shift from the previous trading day.

Carvana (CVNA) Advances While Market Declines: Some Information for Investors

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Carvana (CVNA) closed the most recent trading day at $200.22, moving +1.46% from the previous trading session.

Why Carvana (CVNA) Outpaced the Stock Market Today

HOUSTON--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced the expansion of its same day vehicle delivery offering to the greater Houston, Texas area. Select Houston area residents can now take delivery of a vehicle purchase as soon as the same day they place an order on Carvana.com. “We were searching for a Jeep for my son's 16th birthday and had a specific budget in mind," shared Carvana customer Randy H. “A friend recommended.

Carvana Expands Same Day Delivery to Houston

PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today released its EV Trends Report for Q3 2024. The report focuses on consumer search behavior, showcasing the increasing interest in electric vehicles (EVs) and evolving preferences among shoppers. Key findings from the report1 include: The EV share of make-model searches on Carvana.com has grown in every quarter of 2024. Additionally, EV share of vehicle page views grew by 226% year-o.

Carvana Report Highlights How Customers Search for EVs

Carvana (CVNA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Carvana (CVNA) Stock

Carvana (CVNA) closed the most recent trading day at $191.31, moving -0.32% from the previous trading session.

Carvana (CVNA) Stock Declines While Market Improves: Some Information for Investors

Following its dramatic rally, Carvana's shares now boast a high forward P/S ratio. Let's see whether this premium valuation is justified.

CVNA Stock Rallies 500% in a Year: Does Its Premium Valuation Hold Up?

Carvana (CVNA) closed at $191.92 in the latest trading session, marking a -0.77% move from the prior day.

News for Carvana Stock (CVNA)