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 earnings were expected in August but are now due July 19 before the market open. Carvana stock slumped late Tuesday.

Carvana Stock Sinks In Late Trade With Earnings Due Wednesday

Shares of Carvana Co. CVNA, +8.95% dropped more than 9% in the extended session Tuesday after the online auto retailer spooked markets by moving forward its quarterly results. Carvana said that it will report second-quarter numbers before the bell Wednesday, a full two weeks ahead of their previously scheduled release.

Carvana spooks market by moving up results, stock down 9%

PHOENIX--(BUSINESS WIRE)--Carvana to Report Second Quarter 2023 and Host Quarterly Conference Call on July 19, 2023.

Carvana to Report Second Quarter 2023 and Host Quarterly Conference Call on July 19

Holding Carvana (NYSE: CVNA ) stock now is a dangerous proposition. Sure, it could go higher if there's an epic short squeeze, but the hype fuel could run out anytime.

The Crash Course: Why Carvana's Soaring Stock Is Set for a Fall

NEW YORK , July 17, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Carvana Co. ("Carvana" or the "Company") (NYSE: CVNA). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carvana Co. - CVNA

C3.ai

Upstart Holdings

With this bullish market momentum, many investors are looking for millionaire-maker stocks. Indeed, making a million dollars with any investment likely requires a big up-front capital allocation.

3 Millionaire-Maker Stocks to Buy Before the Window Closes

PHOENIX--(BUSINESS WIRE)--New research commissioned by online auto retailer reveals what Americans want in their ideal dream car.

What's Your Dream Car: New Research Commissioned By Carvana Reveals What Americans Want In Their Dream Car

Struggling used-car dealer's shares are hot, but business sags and investors worry about the family's plans.

For Clues About Carvana's Future, Look to Its Past

A short squeeze may be driving up shares of the used-car marketplace. The fundamentals of the business are improving, but it's still burning cash.

Up 700%, Is Carvana Stock a Bubble Ready to Burst?

Fisker Inc

QuantumScape

Short interest had built in some well-known auto stocks and that may have driven a short squeeze. Data from the industry was mixed with new vehicle sales up big but prices for used cars coming down.

Why Auto Stocks Popped (And Then Dropped) This Week

Apple

Amazon

Marathon Digital Holdings

NVIDIA

Tesla

Some stocks have skyrocketed year to date. Indeed, shares of some technology companies more than doubled over the last six months.

7 Hypergrowth Stocks That AI Is Loving in July

GameStop

Lucid Group

The stock market has seen a strong rally in 2023, with the Nasdaq Composite up nearly 30% year-to-date. This has led to overvaluation in many growth stocks.

Caution! Don't Get Greedy With These 3 Growth Stocks.

NEW YORK , July 14, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Carvana Co. (NYSE: CVNA) resulting from allegations that Carvana may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Carvana securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONAL TRIAL ATTORNEYS, Encourages Carvana Co. Investors to Inquire About Securities Class Action Investigation - CVNA

Roundhill Meme ETF

Riot Blockchain

Animal spirits have returned to the stock market as investors again pile into high-risk names. Carvana, for example, has soared nearly 700% year-to-date even as it navigates a precarious financial position.

Investors are once again chasing some of the most speculative names in the stock market

Used car retailer Carvana (NYSE: CVNA) has experienced a remarkable turnaround this year, with its stock embarking on a monster rally. After hitting record lows in Q4 2022, Carvana's shares have surged to unprecedented heights.

Carvana stock rallies nearly 700% in 2023 amid CVNA short squeeze

Carvana Co (NYSE: CVNA) is grossly overvalued and runs the risk of a sharp decline in the coming months, says Rajat Gupta – a JPMorgan analyst.

Carvana stock could crash over 70%: JPMorgan warns

Some Carvana analysts see positive signs. Others see current stock price reflecting inflated expectations for the auto market disrupter.

Carvana Analysts Confused On What's Next After 668% Rally; Shares Dive

Carvana (NYSE: CVNA ) stock is falling on Thursday after JPMorgan analyst Rajat Gupta downgraded the used-car retailer's shares. The JPMorgan analyst dropped shares of CVNA stock from a “neutral” rating to an “underweight” rating.

Why Is Carvana (CVNA) Stock Down 5% Today?

Carvana Co. CVNA shares traded higher on Wednesday after JMP Securities raised its price target on the stock.

Carvana Options Traders See Stock Surging Even More, After Shares Rise 739% Year-To-Date - Carvana (NYSE:CVNA)

J.P. Morgan analysts downgraded Carvana stock to Underweight from Neutral after the used-car retailer's recent sharp rally.

Carvana Stock Is Falling. J.P. Morgan Turns Bearish.

Carvana (CVNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Carvana (CVNA) Surges 9.3%: Is This an Indication of Further Gains?

Shares of Carvana Co. were knocked down Thursday, following a stunning rally this year, after J.P. Morgan's Rajat Gupta recommended investors sell because the stock has “disconnected materially” from fundamentals again.

Carvana stock clipped by call to sell by J.P. Morgan

LOS ANGELES, CA / ACCESSWIRE / July 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Carvana Co. ("Carvana" or "the Company") (NYSE:CVNA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Carvana Co. and Encourages Investors with Losses to Contact the Firm

IonQ

Opendoor

The accelerating adoption of generative AI has created a stampede for everything artificial intelligence -- and investors are looking to profit. While Nvidia remains the poster child for AI, there are plenty of other companies that will benefit from AI.

These 3 AI Stocks (Not Named Nvidia) Have More Than Doubled So Far in 2023. Is There More to Come?

Carvana's stock has surged by 500% since May 2023, with the company now boasting a market capitalization of $8 billion. Congratulations to all who joined the ride. While some media outlets attribute this surge to a short squeeze, we believe there are other significant factors at play. Furthermore, we will discuss what actions shareholders should take and what they should keep an eye on when the stock price reaches the desired target.

News for Carvana Stock (CVNA)