earnings
confidence high
sentiment positive
materiality 0.90
Carvana Q3 net income $148M; record Adj EBITDA $429M; guides FY24 above $1.0-1.2B
CARVANA CO.
- Retail units sold 108,651 (+34% YoY); revenue $3.655B (+32% YoY).
- Record GAAP operating income $337M (+$289M YoY); net income margin 4.0%.
- Adjusted EBITDA $429M (record 11.7% margin); FY24 guidance raised significantly above prior $1.0-1.2B.
- GPU $7,427 (GAAP) and $7,685 (non-GAAP) both company records; SG&A per unit down $1,030 YoY.