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.

The used car market experienced aggressive price swings throughout 2022 as the supply of new vehicles dried up amid chip shortages limiting the number of cars that would hit the market. Since new vehicle production was at a deficit compared to the ensuing demand the market brought on, used vehicles became the only alternative for would-be car buyers, severely inflating inventory prices beyond the normalized market value.

Carvana Shares Rally On Narrower Losses, Stock Gets Upgraded

If you believe the headlines, debt-ridden Carvana is closing in on profitability. In reality, Carvana expects adjusted EBITDA to turn positive in the second quarter.

No, Carvana Isn't About to Turn a Profit

Carvana is still negotiating with bondholders after the stock collapsed last year. The company expects positive adjusted EBITDA in the second quarter.

Why Carvana Stock Lost 29% in April

The surge in easy credit during the pandemic, government stimulus payments, and skyrocketing car prices have all begun to bite borrowers with the lowest credit scores.

Subprime auto defaults on path toward 2008 crisis levels, say portfolio managers

Carvana is making signficiant progress toward profitability. The company expects positive adjusted EBITDA in the second quarter.

Why Carvana Stock Soared Today

Carvana Co.'s stock kept its momentum Friday, gaining another 34% on top of a late Thursday rally following a quarterly loss for the online used-car retailer that was narrower than the same period last year, along with revenue that topped Wall Street views and the company's own guidance.

Carvana's stock skyrockets more than 30%: Online car retailer is ‘springing to life.'

Carvana (NYSE: CVNA ) stock is climbing higher on Friday after the used-car retailer released its earnings report for the first quarter of 2023. The earnings report starts out positive with the company's EPS coming in at -$1.47.

Why Is Carvana (CVNA) Stock Up 33% Today?

Carvana Co. (NYSE:CVNA) announced that it expects to report a profit in the second quarter, sending its shares soaring on Friday morning. The online used-car retailer cited a “strong start to the year” and said adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) would be positive this quarter.

Carvana expects to see profit in 2Q, a positive sign for the used car market

The company delivered significant cost cuts in the quarter, showing it has a path to stability. Revenue fell 25% in the quarter, but that was by design.

Carvana Stock: 3 Reasons to Bet on a Recovery Now

Apple

Coinbase

Lyft

After a storm of earnings reports following the close of markets Thursday, these were the some of the most active stocks on Friday:

Carvana, Apple, Coinbase and Lyft shift after earnings, and other stocks on the move

Carvana (NYSE: CVNA) stock price popped to $9 after the company published strong financial results. The shares jumped by over 25% after the company's revenue beat the consensus estimate.

Carvana stock price analysis: Is CVNA a good investment now?

Carvana Co. (NYSE:CVNA ) Q1 2023 Earnings Conference Call May 4, 2023 5:30 PM ET Company Participants Meg Kehan - IR Ernie Garcia - CEO Mark Jenkins - CFO Conference Call Participants Sharon Zackfia - William Blair Ronald Josey - Citigroup Adam Jonas - Morgan Stanley Michael Montani - Evercore ISI Seth Basham - Wedbush Securities Nicholas Jones - JMP Securities Rajat Gupta - JPMorgan Alexander Potter - Piper Sandler Winnie Dong - Deutsche Bank Chris Bottiglieri - BNP Paribas Exane Operator Hello and welcome to the Carvana First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Carvana Co. (CVNA) Q1 2023 Earnings Call Transcript

Carvana expects to return to profitability in this quarter after cutting costs. The used car retailer expects to achieve positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the current quarter, Carvana said in a Thursday (May 4) letter to shareholders.

Carvana Expects Return to Profitability in Q2 After Cutting Costs

Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to further bring down excess used-car inventory as the retailer sharpens its focus on cutting costs, sending its shares surging 26% in aftermarket trading.

Carvana expects to record core profit in second quarter; shares jump

Carvana Co said on Thursday it expects to post a profit in the current quarter, as its cost actions helped the used-car retailer to mitigate some impact of a decline in sales.

Carvana expects to post positive core profit in second quarter

The embattled used car retailer has been working to reduce costs, narrow losses and increase profits per vehicle.

Carvana expects to achieve adjusted profit sooner than expected amid restructuring; shares surge

The company reached its target of reducing some expenses by more than $100 million a quarter earlier than anticipated.

Carvana's Losses Narrow on Cost-Cutting Campaign. Its Stock Is Rising.

Shares of Carvana Co. rallied more than 22% in the aftermarket Thursday after the online used-car company narrowed its quarterly loss and said it expects to reach adjusted profits in the current quarter.

Carvana's stock jumps as much as 22% after narrower quarterly loss

PHOENIX--(BUSINESS WIRE)--Carvana Co., the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended March 31, 2023. Carvana's complete first quarter 2023 financial results and management commentary can be found by accessing the Company's shareholder letter on the quarterly results page of the investor relations website. “The first quarter was a big step in the right direction and there are more steps to come. Given our strong s.

Carvana Reports Best First Quarter In Company History For Adjusted EBITDA and Total Gross Profit Per Unit

PHOENIX--(BUSINESS WIRE)--Carvana Announces Extension of Private Exchange Offers & Extension of Early Exchange Premium.

Carvana Co. Announces Extension of Private Exchange Offers and Extension of Early Exchange Premium

Peloton

Carvana is being crushed by an excessive debt load and has no good options. Peloton is still seeing weak demand for its exercise bikes.

These 2 Former Growth Stocks Are in Serious Trouble

CHICAGO--(BUSINESS WIRE)--Carvana, an industry pioneer for buying and selling used cars online, today launched its newest Car Vending Machine near Chicago, located in Schaumburg, Illinois. The state-of-the-art steel and glass structure stands a staggering 12 stories tall with a 43-vehicle capacity offering local car buyers a second location in the Chicago area to partake in the full Car Vending Machine experience. Carvana customers can save valuable time by shopping online, and can choose to ei.

Carvana Expands Chicago Presence With Newest Iconic Car Vending Machine

Carvana has been approached by a creditor group for a debt-for-equity swap as the clock ticks down to its May 3 extended exchange offer expiry. Bond prices have indicated that bankruptcy may be imminent, but the credit request for a debt-to-equity transfer suggests otherwise.

Carvana: 2023 Barbarians At The Gate

Shares of Carvana Co. CVNA rallied 3.2% in premarket trading Monday, to bounce off a 7-week closing low in the previous session, after Bloomberg reported that creditors holding about 90% of the troubled used-car retailer's bonds have proposed ways to cut debt and improve liquidity. Citing people familiar with knowledge of the situation, the Bloomberg report said the proposals included a debt-for-equity swap.

Carvana stock rallies after Bloomberg report of creditors proposing debt-for-equity swap

Carvana, the online used car company, was once considered the wave of the future for used car sales.

News for Carvana Stock (CVNA)