earnings
confidence high
sentiment positive
materiality 0.80
Carvana raises Q3 2023 adjusted EBITDA outlook to >$75M, total GPU >$5,500
CARVANA CO.
2023-Q2 EPS reported
-$2.05
revenue$5,574,000,000
- Q3 adjusted EBITDA outlook raised to above $75M from 'positive'; non-GAAP total GPU >$5,500 (prior >$5,000).
- Retail units and SG&A expected similar to Q2 2023; no change from prior outlook.
- Improvement driven by fundamental gains in retail and wholesale GPU, CFO cited at J.P. Morgan conference.
- Initial Q3 outlook was for positive adjusted EBITDA and GPU above $5,000; updated guidance raises both thresholds.