Form 8-K · Current Report · Filed 2025-02-19
Carvana Reports Strong 2024 Financial Results and Growth
Carvana Co. reported its financial results for the fiscal quarter and year ended December 31, 2024, announcing record company-level profitability, significant retail unit growth, and substantial cost efficiency improvements. For the full year 2024, Carvana achieved a net income of $404 million, an adjusted EBITDA margin of 10.1%, and retail units sold of 416,348, a 33% increase year-over-year. The company also reported a net income margin of 3.0% and adjusted EBITDA of $1.378 billion for the year. Looking ahead, Carvana expects continued growth in both retail units sold and adjusted EBITDA for full year 2025, with a sequential increase expected in Q1 2025.
- Filer
- Carvana Co. CVNA · NYSE
- Filed
- Accession
- 0001690820-25-000073
- CIK
- 0001690820
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$56.91
Next session
-12.9%
Since filing
+9.6%
Latest close
$62.36
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Precedent
Previous filings from CVNA reporting the same item, with the next session's move:
Exhibits (2)
About Carvana Co.
Carvana Co. is a renowned e-commerce platform dedicated to the buying and selling of used cars. Revolutionizing the automotive retail space, Carvana allows consumers to browse, buy, finance, and trade in vehicles entirely online, making car shopping accessible and convenient. A unique feature of Carvana’s offering is its car vending machines, which provide an innovative and contactless vehicle delivery experience. Primarily catering to the consumer auto sales sector, Carvana has built a significant presence in the United States, aiming to simplify the car purchasing process with its user-friendly website and mobile app. Established in 2012, Carvana has rapidly expanded its inventory and logistical capabilities, positioning itself as a major player in the used car market. By leveraging technology to streamline operations and enhance customer experience, Carvana continues to influence how consumers engage with vehicle purchases, marking a notable shift from traditional car dealership models to comprehensive digital solutions. Its approach reflects broader trends in e-commerce and consumer preferences for virtual transaction efficiencies.
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