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's been a magnet for short sellers this year, but the tables might turn after this latest earnings report.

Why Is Carvana Stock Going Up? The Carvana Earnings Report Might Have Something To Do With It

Carvana's (CVNA) shares jump as more than $1 billion debt gets wiped out on new debt deal.

Carvana's (CVNA) Shares Surge on Debt Deal With Bondholders

The online car dealer's valuation has crossed into speculative territory. CarMax is a more conservatively valued and lower-risk investment idea for investors in the e-commerce auto-dealer space.

Carvana Stock Has Soared More Than 1,000% This Year. Time to Sell?

Carvana Co. CVNA shares traded sharply higher on Wednesday after the company reported better-than-expected second-quarter sales and guided positive adjusted EBITDA for the third quarter.

Carvana Shares Skyrocket 40% After Strong Q2, Options Traders Bet On Rally Continuing - Carvana (NYSE:CVNA)

RBC Capital Markets analyst Brad Erickson is pumping the brakes after an eye-popping surge in shares of Carvana Co.

Carvana's rousing stock rally prompts one analyst to slam the brakes

Used car company Carvana Co. (NYSE: CVNA) renegotiated its debt and trimmed it by $1.2 billion.

Carvana Is Still Junk

Carvana struck a deal with most of its lenders to issue shares, swap notes, and reduce its debt. This solves the near-term issue of survival, but the debt will balloon back over the next two years as interest payments are made in the form of additional debt.

Carvana's Debt Restructuring Doesn't Really Solve Anything

In 2023, Carvana (NYSE: CVNA), the online used car retailer, experienced an extraordinary surge in its stock price, witnessing a meteoric rise driven by an intense short squeeze phenomenon.

Carvana stock rockets over 1,000% amid powerful short squeeze

The online used car dealer seems to be bouncing back after its stock dropped nearly 100% last year.

Carvana Stock Up 40% After It Announced A Debt Reduction Deal— Rally Comes After Plummet Last Year

Shares of Carvana Co. ( CVNA , Financial) have gained an eye-popping 1,000% this year with the online car retailer making a strong comeback to shake off bankruptcy rumors. Even after this meteoric rise, at the current market price of around $50, the stock is still trading almost 80% below its 2021 highs, which goes to show the catastrophic decline in its market value from mid-2021 to December 2022.

It's Time to Press Pause on Carvana

Carvana posted stronger-than-expected revenue and narrowed its net losses in the second quarter. The online used car dealer also struck an agreement with debtholders to improve its financial position.

Why Carvana Stock Skyrocketed Today

Shares of Carvana are up big on Wall Street midweek after a deal the used-car retailer landed with some of its bondholders to cut over $1 billion in outstanding debt.

Carvana shares surge on deal to cut debt by $1.2B

Carvana Co. cheered investors on Wednesday with news it has reached an agreement with bondholders that will reduce its debt by $1.2 billion.

Carvana's debt restructuring is good news, but its losses are ‘hardly in the growth stock handbook,' analyst says

Carvana Co. shares have gained nearly 1,000% this year, a move harder to wrap around one's head considering that it follows two straight years of losses for the stock and concerns about the company's viability.

Carvana's stock has roared back from the brink. This chart shows its meteoric surge.

Carvana Co (NYSE: CVNA) opened 40% up on Wednesday after announcing a debt restructuring agreement to boost its liquidity stature. Carvana also plans on raising new capital On Wednesday, the used car retailer said it has signed an agreement with noteholders that will trim its outstanding debt by more than $1.2 billion.

Carvana shares jump 40% on debt deal and a strong Q2

Shares of Carvana, the online used-car seller known for its tall, glass car-vending machines, surged by more than 30% in early trading Wednesday after the company reached a debt restructuring agreement.

Carvana stock surges 30% after it reaches a massive debt reduction deal

Carvana shares soared after the online used car retailer restructured its debt and reported record-setting quarterly EBITDA and gross profit per unit.

Carvana Reworks Debt, Posts Q2 Records, and Announces $1 Billion Stock Sale

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Stock markets kept gaining ground early Wednesday. Carvana announced a debt restructuring deal that will buy it time before having to repay obligations.

These 2 Stocks Are Soaring Wednesday Morning

Carvana Co  (NYSE:CVNA) advanced its earnings report, earlier announcing smaller-than-expected second-quarter losses of 55 cents per share and a revenue beat of $2.97 billion -- its best quarter on record.

Carvana Stock Surges on Debt Deal, Strong Q2 Results

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Before U.S. markets opened on Wednesday, Carvana Co. (NYSE: CVNA) reported quarterly results earlier than originally planned.

Earnings Previews: American Express, CSX, Intuitive Surgical, Schlumberger (Plus a Carvana Surprise)

While the top- and bottom-line numbers for Carvana (CVNA) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Carvana (CVNA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Carvana Co. has announced a major restructuring of its capital base, including a debt restructuring that will lower cash interest expense by over $430 million per year for the next two years. The company is also offering 35 million shares, expected to raise over $350 million, which will further bolster the company's cash balance and stave off bankruptcy for the foreseeable future. Despite weak fundamentals, the massive liquidity and cash infusion will prop-up the company for at least another 12 months, which is expected to lead to increasing short-covering and a rise in equity price.

Carvana: The Bankruptcy That Wasn't

Carvana NASDAQ: CVNA has struggled to regain business and stock price traction for the last year. The stock price has suffered from significant short-selling with short interest over 50% of the float.

The Squeeze Is On For Carvana Stock Prices

The used-car seller will sell stock and pledge assets to back new debt.

Carvana Strikes Deal to Avert Cash Crunch

Carvana Co.'s shares are up 40% premarket on July 19th after reporting a small positive "adjusted EBITDA" and a significant debt swap deal. Despite the positive headlines, the company still posted a GAAP loss of $58 million for Q2. This smaller loss was helped by nonrecurring gains and cuts in advertising. The debt swap is onerous and significantly increases GAAP interest expense but allows the company to conserve cash for the next 2 years.

News for Carvana Stock (CVNA)