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 stock is rallying following a strong first-quarter earnings report. Here's what you need to know.

Carvana Stock Surges on Surprise Profit

Shares of Carvana (CVNA) skyrocketed after the online used car retailer issued an upbeat outlook for the current quarter and had its best financial results ever as it made more money per sale and cut costs.

Fallen Pandemic Star Carvana Roars Back into Gains With Bullish Outlook, Q1 Beat

Carvana beat on sales and reported a surprise profit last night. Its profit only came about due to an accounting quirk.

Why Carvana Stock Just Jumped 34%

As Carvana Co.'s stock soared 35% on Thursday after the used-car retailer swung to a surprise profit, investors were also snapping up the company's high-yield bonds, which were seeing net buying after the news.

Carvana's high-yield bonds are rallying along with stock after surprise profit

Carvana (NYSE: CVNA ) stock is on the move Thursday after the used car retailer's share got a new price target from JPMorgan analyst Rajat Gupta. This has the JPMorgan analyst increasing his price target for CVNA stock from $70 per share to $130 per share.

JPMorgan Just Raised Its Price Target on Carvana (CVNA) Stock

Here is how Carvana (CVNA) and Kroger (KR) have performed compared to their sector so far this year.

Is Carvana (CVNA) Stock Outpacing Its Retail-Wholesale Peers This Year?

Carvana Co (NYSE:CVNA) stock is surging today, up 35% to trade at $117.69, after the  online used-car retailer reported first-quarter earnings of 23 cents per share -- much higher than the expected loss of 64 cents -- on revenue of $3.1 billion.

Unpacking Carvana's Blockbuster Earnings Report

The company just reported a revenue beat, a jump in vehicles sold at retail, and upbeat forecasts.

Carvana Was Once Left for Dead. Earnings Show Stock Can't Be Stopped.

Shares of Carvana Co. are going through the roof in premarket trading this morning after the online used-car retailer posted what its CEO and CFO called its “best financial results in company history.” Carvana stock (ticker: CVNA) is up over 37% in premarket trading as of the time of this writing to $119.49 per share.

Carvana stock price is soaring after the ‘best financial results in company history'

Carvana (NYSE: CVNA ) stock is rocketing higher on Thursday after the used-car retailer posted its earnings report for the first quarter of 2024. Carvana starts its report strong with adjusted earnings per share of 23 cents.

Why Is Carvana (CVNA) Stock Up 36% Today?

Used car vending machine operator Carvana Co. (NYSE:CVNA) flew nearly 40% higher in Thursday's pre-market trades following a surprisingly bullish first-quarter result and upbeat sales forecast. Carvana brokered 91,878 unit sales in the quarter, a 16% year-over-year increase, bringing in total revenues of $3.06 billion, a 17% increase.

Covid darling Carvana hits two-year high after surprisingly strong first quarter

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Large-cap growth funds have been in the sweet spot for a few years now, thanks to megacap tech holdings.

Highly ranked manager who bet on Mag 7 giants looks to these second-order winners from AI

Carvana (NYSE: CVNA) stock price has risen from the ashes, becoming one of the best performing companies in Wall Street. It jumped by more than 30% in the pre-market session, reaching a high of $121.7, its highest level since April 2022.

Carvana (CVNA) stock forecast: the train left the station long ago

Carvana (NYSE: CVNA) turned the tide on its recent challenges. Previously, it grappled with declining sold vehicles and a surplus of used cars, raising concerns about potential bankruptcy in 2022.

Carvana (CVNA) stock surged 30% in the after-market; Here's why

Carvana stock surges 30% in after-hours; Here's why

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.

News for Carvana Stock (CVNA)