Carvana profits (CVNA) Q4 2024

Carvana He exceeded the high and lower expectations of Wall Street for the fourth quarter while guiding for another “strong” year in 2025.

Carvana, as he has done in the past, gave A broad guide perspective For this year, that includes growth in both retailers sold and adjusted profits before interest, taxes, depreciation and amortization, or Ebitda, including sequential increases in both during the first quarter.

Carvana’s shares fell more than 10% during negotiation at the time on Wednesday. The action closed to $ 281.82, approximately 1%.

This is how the company served in the fourth quarter, compared to the average estimates compiled by LSE:

• Profit per action: 56 cents vs. 29 expected cents
• Revenue: $ 3.55 billion compared to $ 3.31 billion expected

Income of $ 3.55 billion increased by 46% of $ 2.42 billion in the period of the previous year. The income of the year 2024 reached $ 13.67 billion, almost 27% of $ 10.77 billion in 2023.

By 2024, the company based in Tempe, Arizona, reported an adjusted Ebitda of $ 1.38 billion and net income of approximately $ 404 million. That includes adjusted Ebitda of $ 359 million and net income of $ 159 million during the fourth quarter. The net income of the fourth quarter marks an important improvement of a loss of $ 200 million in the same period of the previous year.

By action, the company reported 56 cents for the December period, compared to a loss of $ 1 per share during the same quarter in 2023.

The annual and quarterly results were Carvana records.

Carvana said he sold 416,348 retail vehicles last year, approximately 33% more than the previous year, for total annual income of $ 13.67 billion in 2024. Its total gross gain per unit for the fourth quarter and the full year was $ 6,671 and $ 6,908, respectively. Both metrics increased almost $ 1,400 since 2023.

“With only ~ 1% market share today and many opportunities to improve and expand our offer from here, we know that this is only the beginning of our trip to change the way people buy and sell cars”, CEO and co -founder from Carvana, Ernie García. He said in a press release.

Carvana’s shares increase approximately 40% in 2025, which adds to the gain of almost 285% last year.