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.

Earnings provide opportunities for outside moves and as volatility expands, I like to call this ‘butterfly season'.  And though I normally put both sides of the trade for bullish and bearish stances, today I will sit on one side of the trade with Carvana

Trade of the Week: Carvana

Carvana stock tripled in 12 months. However, there's probably more gas in the tank as the company just released encouraging quarterly results.

If You Invested $1,000 in Carvana a Year Ago, Here's How Much You Would Have Today

Carvana has become profitable from an operational standpoint. Its massive debt is falling.

Carvana Has Now Reported 2 Profitable Quarters. Time to Buy?

Carvana Co. NYSE: CVNA operates an eCommerce platform selling used cars online to consumers. It's most well-known for its towering car vending machines placed alongside highways and in cities across the nation.

Carvana Hits Record Milestones in Q2 With More to Come in 2024

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

Why Carvana (CVNA) Might be Well Poised for a Surge

Carvana (NASDAQ: CVNA), the innovative online marketplace for used cars, has reported impressive Q2 2024 financial results, surpassing Wall Street's expectations. The company reported significant growth and profitability, marking a milestone in its journey to revolutionize the automotive retail industry.

Carvana exceeds Wall Street forecasts in Q2 2024; What's next for CVNA?

Almost two years ago, Carvana (NYSE: CVNA) was tethering on the brink of bankruptcy as it experienced a sharp 27% decline in used car sales throughout 2022, which caused its stock to plummet below $5 at one point.

Carvana stock is up 200% since the start of 2024

Carvana stock is up big Thursday after the online car dealer posted a surprise Q2 profit and Wall Street has been quick to chime in. Here's what they're saying.

Is Carvana Stock a Buy, Hold or Sell After Earnings Rally?

Shares of Carvana (CVNA) drove higher after the online used-car retailer posted a surprise profit and gave an upbeat full-year outlook.

Carvana Stock Is Jumping After a Surprise Profit and Upbeat Outlook

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Shares of Carvana surged nearly 13% in premarket trade a day after the used car retailer forecast annual core profit above Wall Street estimates, as more car buyers consider shopping online.

Carvana shares surge on robust 2024 core profit forecast

While the top- and bottom-line numbers for Carvana (CVNA) give a sense of how the business performed in the quarter ended June 2024, 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: How Key Metrics Compare to Wall Street Estimates

Carvana Co. (NYSE:CVNA ) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Michael Montani - Evercore ISI Adam Jonas - Morgan Stanley Chris Pierce - Needham Brian Nagel - Oppenheimer Michael Baker - D.A. Davidson Sharon Zackfia - William Blair Seth Basham - Wedbush Securities Nicholas Jones - Citizens JMP John Colantuoni - Jefferies Marvin Fong - BTIG Doug Arthur - Huber Research Partners Rajat Gupta - JPMorgan Operator Good day, and welcome to the Carvana Second Quarter 2024 Earnings Call.

Carvana Co. (CVNA) Q2 2024 Earnings Call Transcript

Shares of Carvana Co. rallied more than 7% in the extended session Wednesday after the online used-car retailer posted a surprise quarterly profit, seeing a 33% rise in retail vehicle sales.

Carvana posts surprise profit as retail vehicle sales rise 33%

Carvana expects 2024 to be a record year for the used car retailer, including projecting adjusted EBITDA of between $1 billion and $1.2 billion. The company's second-quarter net income was $48 million and net income margin was 1.4%.

Carvana beats Wall Street's second-quarter expectations, guides toward record year

Carvana sold 101,440 vehicles in the second quarter, up 33% from the second quarter of 2023, and beating expectations.

Carvana's Car Sales Surged as Revenue Beat Forecasts

Carvana forecast annual core profit above analysts' expectations on Wednesday, driven by strong demand for its used vehicles and improved inventory management, which helped the used-car retailer protect its margins.

Carvana forecasts 2024 core profit above Wall Street 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 June 30, 2024. Carvana's complete second 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 second quarter results clearly demonstrate the differentiated strength of our customer offering and b.

Carvana Announces Industry-Leading Second Quarter 2024 Results

Spotlight is on key profitability metrics, including industry-leading margins.

Carvana Earnings Due With 'Industry-Leading' Margins In Spotlight; AutoNation Jumps

Carvana Co (NYSE:CVNA) is ready to step into the earnings confessional after the close tomorrow, July 31.

Will Carvana Stock Make Another Outsized Move After Earnings?

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Carvana CVNA is slated to release second-quarter 2024 results on Jul 31, after the market close. The Zacks Consensus Estimate for the to-be-reported quarter is breakeven earnings on revenues of $3.2 billion.

Is Carvana (CVNA) Worth Buying Pre-Q2 Earnings Release?

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News for Carvana Stock (CVNA)