Carvana reports record net income $150M, adjusted EBITDA $339M for FY 2023

CARVANA CO.

2023-FY EPS reported $0.75 revenue$10,771,000,000

FY 2023 net income $150M (vs loss in 2022); adjusted EBITDA $339M, both records.
Record GAAP GPU $5,511 (+$2,489 YoY); non-GAAP GPU $5,984 (+$2,647 YoY).
Q4 2023 retail units 76,090 (-13% YoY); revenue $2.424B (-15% YoY).
Q1 2024 guidance: adjusted EBITDA significantly above $100M; retail units slightly up YoY.
FY 2024 expects growth in retail units sold and adjusted EBITDA vs FY 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CARVANA CO. reported the fiscal quarter and year ended December 31, 2023 results: revenue $2.424 billion, net income $150 million. Guidance raised.

Period: the fiscal quarter and year ended December 31, 2023
Revenue: $2.424 billion
Net income: $150 million
Guidance: raised
Result: reported results

Exact text from the filing

are versus Q4 2022, unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 76,090, a decrease of 13% • Revenue totaled $2.424 billion, a decrease of 15% •

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Source: SEC EDGAR

accession 0001690820-24-000091

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