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Dec 31, 2024
Carvana Q4 2024 Earnings Report
Carvana reported record revenue and profitability in Q4 2024, with strong growth in retail unit sales.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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