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.

Carvana Co. (NYSE:CVNA ) Q1 2024 Earnings Conference Call May 1, 2024 5:30 PM ET Company Participants Meg Kehan - Investor Relations Ernie Garcia - Chairman, President and Chief Executive Officer Mark Jenkins - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Chris Bottiglieri - BNP Paribas Sharon Zackfia - William Blair & Company Chris Pierce - Needham Michael Montani - Evercore ISI Seth Basham - Wedbush Securities Doug Arthur - Huber Research Partners. Ronald Josey - Citigroup Inc. Nicholas Jones - Citizens JMP Operator Hello and welcome to the Carvana First Quarter 2024 Earnings Call.

Carvana Co. (CVNA) Q1 2024 Earnings Call Transcript

Online used car retailer Carvana reported “milestone” first quarter (Q1) results on Wednesday (May 1), fueling a 30% surge in its stock price. This strong performance comes on the heels of a challenging period in 2022, during which Carvana shares plummeting by 97%.

Carvana's Inventory ‘Constrained' as Online Used Car Retailer Posts Record Q1

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

Carvana (CVNA) Reports Q1 Earnings: What Key Metrics Have to Say

Carvana (CVNA) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.76. This compares to loss of $1.51 per share a year ago.

Carvana (CVNA) Reports Q1 Loss, Tops Revenue Estimates

Carvana stock jets higher as the used car industry disruptor lays down another plank in its recovery effort.

Carvana's Back: Shares Bolt Nearly 40% Higher On Swing To Profit From Massive Loss

Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.

Carvana's stock rallies about 40% on surprise profit for used-car retailer

Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.

Carvana shares spike 30% as used car retailer posts record first quarter

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 March 31, 2024. Carvana's complete first quarter 2024 financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of its Investor Relations website. “In the first quarter, we delivered our best results in company history, validating our long-held belie.

Carvana Announces Record First Quarter 2024 Results

Carvana (CVNA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Carvana (CVNA)

Beyond analysts' top -and-bottom-line estimates for Carvana (CVNA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Carvana (CVNA) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, was recognized by the NAFA Fleet Management Association (NAFA) at its annual Institute & Expo (I&E) as a top Commercial Fleet for 2024 in the Americas. NAFA is the fleet industry's largest membership association, with organizations across the public and commercial sectors. NAFA's selection of Carvana as the third leading Commercial Fleet after a rigorous evaluation process unders.

Carvana Honored Among NAFA's 2024 Best Commercial Fleets at Annual Institute & Expo

A challenging used car market could be a headwind for its results in 2024. Carvana is scheduled to give its next update to investors on May 1.

Carvana Stock Is Up 35% So Far in 2024. Can the Rally Continue?

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Volatility is rising in the stock market. Between the recent hot inflation data and mounting geopolitical tensions, investors are starting to reassess the broader economic environment.

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One year ago, Carvana looked like a company heading for bankruptcy. One year later, Carvana stock is up nearly 10x, and on track to earn solid EBITDA this year, says J.P.

Carvana Could Earn $180 Million This Quarter, According to 1 Wall Street Analyst

Carvana is benefiting from normalizing consumer behavior.

Carvana Stock: Buy, Sell, or Hold?

A sizable debt burden and a lack of profits introduce financial risk for this business. This company will struggle to post consistent growth in a higher rate environment.

1 Unstoppable Stock That's Skyrocketed Nearly 1,400% Since the Start of 2023: Don't Buy and Hold Until You Know These 3 Risks

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Planes, trains and automobiles. They're what makes the world go round and they drive businesses large and small.

Steering Your Portfolio: 3 Transportation Stocks in the Fast Lane

PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, has teamed up with NRG, the premier gaming and entertainment powerhouse, to launch an electrifying new giveaway: Carvana Presents: NRG x Musty Tesla Giveaway. Starting April 10, 2024, fans will have the opportunity to enter to win a Tesla Model 3. Not only will the lucky winner score a sick ride, the vehicle will be personally delivered – Carvana style – directly to their doorstep by non.

Carvana and NRG Unveil Exclusive Giveaway: Your Chance to Win the Ultimate Dream Ride, Personally Delivered by Rocket League Icon Musty

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AI stocks, biotech stocks, and renewable energy stocks dominate the list of most shorted stocks, but there also many consumer discretionary stocks short sellers are betting against. There is an excellent reason for this.

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Buzzfeed

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The market doesn't understand Carvana and Vroom, according to Courage & Conviction Investing. BuzzFeed's recent sale and balance sheet improvements make it an interesting investment opportunity.

Carvana, Vroom, BuzzFeed, Encore Wire - Getting Paid To Take Risks With Courage & Conviction Investing

PHOENIX--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2024 financial results for the period ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What:   Carvana First Quarter 2024 Financial Results Conference Call.

Carvana to Report First Quarter 2024 Results and Host Quarterly Conference Call on May 1

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As the overall market continues to break records and achieve new heights, speculation and optimism are rising. During such periods, stocks with unusually high short interest tend to outperform, as the overall market's strength and bullish sentiment can overwhelm the fundamental reasons that caused bears to initiate short positions.

4 Stocks with Surprisingly Large Short Interest

Carvana (CVNA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Carvana Co. (CVNA) is Attracting Investor Attention: Here is What You Should Know

Carvana (CVNA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Carvana (CVNA) Stock a Solid Choice Right Now?

Carvana (CVNA) closed the most recent trading day at $90.31, moving -0.55% from the previous trading session.

News for Carvana Stock (CVNA)