other material
confidence high
sentiment positive
materiality 0.75
Carvana expects Q2 adjusted EBITDA above $50M and record GPU above $6,000
CARVANA CO.
- Q2 2023 adjusted EBITDA >$50M; non-GAAP total GPU >$6,000 (new record, +63% YoY)
- Loans sold/securitized ~$2B in Q2 to date, up from $1.3B as of May 4
- Cites continued profitability focus driving faster progress than expected
- CEO Ernie Garcia to present at William Blair Growth Stock Conference June 8