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 announced major updates that are likely to have massive implications for investors.

Huge News for Carvana Stock Investors

Carvana's stock is 86% off its all-time high. It's hard to ignore Carvana's disruptive potential and growth prospects.

Carvana Is Beaten Down Now, But It Could 10x

Carvana Co. ( CVNA , Financial) has been struggling with debt for years, thanks to its aggressive growth strategy that relied heavily on loans to fuel expansion of its used car business. The company's debt problems have only increased over time, with its long-term debt balance more than doubling in 2022 to $6.57 billion.

Carvana: Dubious Debt Deal Delays Default

Shares of Carvana (NYSE: CVNA ) have stunned their doubters, and Friday's 3.5% decline is doing very little to make them feel better. The same can be said about the 16% decline in CVNA stock on Thursday.

Piper Sandler Just Issued a Warning on Carvana (CVNA) Stock

Carvana popped this week after reporting better-than-expected Q2 results and a favorable deal with noteholders. Shares gave up about half that post-earnings gain as analysts downgraded the stock.

Why Carvana Stock Soared This Week

Carvana Co. (NYSE:CVNA ) Q2 2023 Earnings Call Transcript July 19, 2023 8:00 AM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Ronald Josey - Citigroup Michael Montani - Evercore ISI Seth Basham - Wedbush Securities Benjamin Johnson - Piper Sandler Michael Baker - D.A. Davidson Chris Bottiglieri - BNP Paribas Exane Rajat Gupta - JPMorgan Brad Erickson - RBC Brian Nagel - Oppenheimer Nicholas Jones - JMP Operator Good day, and welcome to the Carvana Second Quarter 2023 Earnings Conference Call.

Carvana Co. (CVNA) Q2 2023 Earnings Call Transcript

The used-car retailer posted strong quarterly results, but some analysts are still concerned about the company's fundamentals.

Carvana Catches Another Downgrade

Carvana (CVNA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Carvana (CVNA) Is Attractively Priced Despite Fast-paced Momentum

Carvana (NYSE: CVNA ) stock is sliding lower on Friday after the used-car retailer's shares were downgraded by Piper Sandler. That downgrade has analyst Alexander Potter dropping shares of CVNA stock from an “overweight” rating to a “neutral” rating.

Why Is Carvana (CVNA) Stock Down Today?

Even though Carvana Co. “overachieved on nearly every metric” in its latest quarter and announced a much-cheered debt deal, its shares may not have a lot more upside.

Carvana's stock catches another downgrade as questions linger — despite recent momentum

“There is nothing new on Wall Street. There can't be because speculation is as old as the hills.

Carvana Case Study: Anatomy of a Winning Trade

Yesterday's gains haven't been wiped out, but a big chunk are now gone. Analysts are now reacting to earnings, with RBC lowering its rating on the stock.

Why Carvana Stock Got Crushed Today

Starting off the year at $4.63 per share, Carvana (NYSE: CVNA ) stock has gone on an absolutely incredible ride. At the time of writing, CVNA stock has seen gains of more than 1,000% in 2023, now sitting above $47 per share.

CVNA Stock Alert: Is Carvana on the Brink of Default?

Shares of used-car retailer Carvana have risen nearly 10 times in price even with Thursday's drop. RBC Capital Markets downgraded shares to Underperform from Sector Perform.

Carvana Stock Rally Is Too Much for This Analyst. It's Time to Sell.

Carvana (CVNA) exceeds its goals of generating positive adjusted EBITDA in Q2. It aims to achieve positive adjusted EBITDA for the second straight quarter in the July-September period.

Carvana (CVNA) Q2 Earnings Top on Higher-Than-Expected GPU

Shares of Carvana (NYSE: CVNA ) stock have accelerated higher by about 1,000% this year, surprising investors across the board. At the beginning of the year, CVNA stock traded for less than $5 per share.

Why Carvana (CVNA) Stock Is Up 1,000% in 2023

Carvana has eliminated $1.2 billion in debt and reduced near-term interest payments. The online used-car retailer is also raising $1 billion through an equity offering.

Here's Exactly How Carvana Is Slashing Down $1.2 Billion of Debt -- Does This Signal a Magnificent Buying Opportunity?"

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.

News for Carvana Stock (CVNA)