Carvana Q4 2024 Earnings Report
Key Takeaways
Carvana achieved record revenue of $3.55 billion in Q4 2024, reflecting a 46% year-over-year increase. Net income reached $159 million, and adjusted EBITDA stood at $359 million. The company reported a net income margin of 4.5% and an adjusted EBITDA margin of 10.1%. Retail unit sales surged by 50% year-over-year, solidifying Carvana’s strong market position.
Q4 revenue reached $3.55 billion, up 46% YoY.
Net income hit $159 million with a 4.5% margin.
Retail unit sales increased 50% YoY to 114,379 units.
Adjusted EBITDA reached a record $359 million.
Carvana Revenue
Carvana EPS
Carvana Revenue by Segment
Forward Guidance
Carvana expects continued growth in retail unit sales and adjusted EBITDA for 2025, with a sequential increase in Q1 2025, assuming stable market conditions.
Positive Outlook
- Strong momentum in retail unit sales growth.
- Continued profitability improvement with adjusted EBITDA expansion.
- Strategic positioning for further market share gains.
- Operational efficiencies expected to drive margin improvements.
- Positive consumer demand trends for used vehicle purchases.
Challenges Ahead
- Macroeconomic uncertainties may impact demand.
- Potential supply chain disruptions affecting vehicle availability.
- Competitive pressures in the online automotive retail space.
- Ongoing challenges in optimizing logistics and delivery infrastructure.
- Regulatory risks that could affect business operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income