Carvana (cvna) earning Q4 2024
Carvana Sign and Signatured Sales Automat in Tempa, Arizona.
Michael Wayland | CNBC
Carvan Expectations of the top and bottom of Wall Street in the fourth quarter, while led by another “strong” year of 2025.
Carvana, as in the past, gave A wide look of leadership For this year, which includes growth in the sellers of retail units and adapted to earnings before interest, tax, depreciation and depreciation or eBitda, including a consecutive increase in both during the first trimester.
Carvan shares have fallen more than 10% during trading on Wednesday. The shares closed to $ 281.82, which is about 1%drop.
Here’s how the company performed in the fourth quarter, compared to the average estimates compiled by LSEG:
- Earnings per share: Is expected 56 cents compared to 29 cents
- Income: Expected $ 3.55 billion compared to $ 3.31 billion
A $ 3.55 billion revenue increased by 46% with $ 2.42 billion in the previous year. Revenues of year -round 2024 amounted to $ 13.67 billion, which is almost 27% with $ 10.77 billion in 2023.
For 2024, a company based in Arizona reported an adapted EBITDA of $ 1.38 billion and a net revenue of approximately $ 404 million. This includes an adapted EBITDA of $ 359 million and a $ 159 million net revenue during the fourth quarter. The net income in the fourth quarter indicates a major improvement compared to a loss of $ 200 million in the same period a year earlier.
Based on the part, the company reported 56 cents for December, compared to a loss of $ 1 per share during the same quarter 2023.
Both annual and three -month results were records for Carvan.
Carvana said she sold 416,348 retail vehicles last year, which is more than 33% compared to the year earlier, for a record total annual revenue of $ 13.67 billion in 2024. Its total gross profit per unit for the fourth quarter, and the full year was $ 6,671 and $ 6,908, respectively. Both metrics increased nearly $ 1,400 from 2023.
“With only ~ 1% of the market share today and many occasions to improve and expand our offer from here, we know that this is just the beginning of our journey to change the way people buy and sell cars,” Carrvana CEO and co -founder Ernie Garcia said in a statement.
Carvan shares increased approximately 40% in 2025, adding last year’s profit of almost 285%.