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Carvana | 8-K: Carvana Announces Industry-Leading Third Quarter 2024 Results

Carvana | 8-K: Carvana Announces Industry-Leading Third Quarter 2024 Results

Carvana | 8-K:Carvana公布行业领先的2024年第三季度业绩
美股SEC公告 ·  2024/10/31 04:16

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Carvana delivered exceptional Q3 2024 results with retail unit sales growing 34% YoY to 108,651 units and revenue increasing 32% to $3.66 billion. The company achieved record profitability with net income of $148 million and a 4.0% net income margin, while Adjusted EBITDA reached an all-time high of $429 million with an industry-leading 11.7% margin.The company demonstrated strong operational performance with record GAAP gross profit of $807 million and total gross profit per unit of $7,427. SG&A expenses per retail unit decreased by $1,030 YoY to $4,317, driven by operational efficiency initiatives and higher sales volume. The integration with ADESA continues to progress, with 5 locations integrated and plans for further expansion.Looking ahead to Q4, Carvana expects a sequential increase in year-over-year growth rate for retail units sold and projects full-year 2024 Adjusted EBITDA to significantly exceed its previous guidance range of $1.0-1.2 billion. The company maintains strong liquidity with $871 million in cash and $2.39 billion in committed liquidity resources as of September 30, 2024.
Carvana delivered exceptional Q3 2024 results with retail unit sales growing 34% YoY to 108,651 units and revenue increasing 32% to $3.66 billion. The company achieved record profitability with net income of $148 million and a 4.0% net income margin, while Adjusted EBITDA reached an all-time high of $429 million with an industry-leading 11.7% margin.The company demonstrated strong operational performance with record GAAP gross profit of $807 million and total gross profit per unit of $7,427. SG&A expenses per retail unit decreased by $1,030 YoY to $4,317, driven by operational efficiency initiatives and higher sales volume. The integration with ADESA continues to progress, with 5 locations integrated and plans for further expansion.Looking ahead to Q4, Carvana expects a sequential increase in year-over-year growth rate for retail units sold and projects full-year 2024 Adjusted EBITDA to significantly exceed its previous guidance range of $1.0-1.2 billion. The company maintains strong liquidity with $871 million in cash and $2.39 billion in committed liquidity resources as of September 30, 2024.
Carvana公布了2024年第三季度的卓越业绩,零售单位销量同比增长34%,达到108,651个单位,营业收入增长32%,达到36.6亿。同时,公司实现了创纪录的盈利,净利润为14800万,净利润率为4.0%,调整后的EBITDA达到42900万,创历史新高,行业领先的利润率为11.7%。公司展现了强劲的运营表现,GAAP毛利润创纪录达80700万,每个单位的总毛利润为7427美元。每个零售单位的SG&A费用同比减少1030美元,降至4317美元,这得益于运营效率提升和更高的成交量。与ADESA的整合继续推进,已经整合了5个地点,并计划进一步扩展。展望2024年第四季度,Carvana预期零售单位销量的同比增长率将顺利提升,并预计2024年的全年度调整后EBITDA将显著超过其之前的指导区间10-12亿。截止2024年9月30日,公司保持着强劲的流动性,手头现金为87100万,承诺流动性资源为23.9亿。
Carvana公布了2024年第三季度的卓越业绩,零售单位销量同比增长34%,达到108,651个单位,营业收入增长32%,达到36.6亿。同时,公司实现了创纪录的盈利,净利润为14800万,净利润率为4.0%,调整后的EBITDA达到42900万,创历史新高,行业领先的利润率为11.7%。公司展现了强劲的运营表现,GAAP毛利润创纪录达80700万,每个单位的总毛利润为7427美元。每个零售单位的SG&A费用同比减少1030美元,降至4317美元,这得益于运营效率提升和更高的成交量。与ADESA的整合继续推进,已经整合了5个地点,并计划进一步扩展。展望2024年第四季度,Carvana预期零售单位销量的同比增长率将顺利提升,并预计2024年的全年度调整后EBITDA将显著超过其之前的指导区间10-12亿。截止2024年9月30日,公司保持着强劲的流动性,手头现金为87100万,承诺流动性资源为23.9亿。
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