Loading...
Market
What will Carvana's Q3 2024 revenue be?
3
Resolution / Starting Odds
Less than $3.24 billion • 25%
$3.24 billion to $3.41 billion • 25%
$3.41 billion to $3.58 billion • 25%
More than $3.58 billion • 25%
Carvana's Q3 2024 earnings report
Story
Carvana Surpasses Q2 Expectations with $3.41 Billion Revenue and $0.14 EPS
Jul 31, 2024, 08:15 PM
Carvana reported strong second-quarter 2024 results, surpassing Wall Street expectations. The used-car retailer achieved a total revenue of $3.41 billion, exceeding the IBES estimate of $3.24 billion. Carvana sold 101,440 retail units in Q2, with a record adjusted EBITDA of $355 million, significantly higher than the $251.8 million estimate. The company also reported a net income of $48 million and a net income margin of 1.4%. Additionally, Carvana's GAAP operating income reached a record $259 million. The company's earnings per share (EPS) for the quarter stood at $0.14, compared to an estimated loss of $0.12 per share. Carvana's performance was driven by increased electric vehicle sales, lighter depreciation on non-EVs, and improved inventory management. The average selling price (ASP) rose by 1.3%, days-to-sale declined, inventory increased, and inventory age remained flat. Looking ahead, Carvana forecasts a sequential increase in retail units for Q3 and expects annual core profit to surpass Wall Street expectations.
View original story
Similar markets
Below $24 billion • 25%
$24 billion - $25 billion • 25%
$25 billion - $26 billion • 25%
Above $26 billion • 25%
Below $25 billion • 25%
$25-30 billion • 25%
$30-35 billion • 25%
Above $35 billion • 25%
Below $1.5 billion • 25%
$1.5 billion to $1.55 billion • 25%
$1.55 billion to $1.6 billion • 25%
Above $1.6 billion • 25%
Below $220 million • 25%
$220 million to $230 million • 25%
$230 million to $240 million • 25%
Above $240 million • 25%
Below $50 million • 25%
$50 million to $100 million • 25%
$100 million to $150 million • 25%
Above $150 million • 25%
Below $3.4 billion • 25%
$3.4 billion to $3.5 billion • 25%
$3.5 billion to $3.6 billion • 25%
Above $3.6 billion • 25%
Less than $600 million • 25%
$600 million to $618 million • 25%
$618 million to $650 million • 25%
More than $650 million • 25%
Less than $600 million • 25%
$600 million to $650 million • 25%
$650 million to $700 million • 25%
More than $700 million • 25%
Below $25 billion • 25%
$25 billion to $25.49 billion • 25%
$25.50 billion to $26 billion • 25%
Above $26 billion • 25%
Below $3.70 billion • 25%
$3.70 - $3.80 billion • 25%
$3.81 - $3.90 billion • 25%
Above $3.90 billion • 25%
Below $7.5 billion • 25%
$7.5 billion to $7.9 billion • 25%
$8.0 billion to $8.4 billion • 25%
Above $8.4 billion • 25%
Above 5% • 25%
Between 0% and 5% • 25%
0% or negative • 25%
Significantly negative • 25%