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Carvana | 10-Q: Q3 2024 Earnings Report

Carvana | 10-Q: Q3 2024 Earnings Report

Carvana | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/31 04:24

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Carvana reported strong Q3 2024 financial results with total revenue increasing 31.8% to $3.66 billion, driven by a 34.2% rise in retail vehicle sales to 108,651 units. Gross profit surged 67.4% to $807 million, with total gross profit per unit reaching $7,427. The company achieved net income of $148 million compared to $741 million in Q3 2023.Operating performance showed significant improvement as retail vehicle gross profit per unit increased to $3,497 from $2,692 year-over-year, benefiting from lower average days to sale and reduced vehicle acquisition costs. Other sales and revenues, including loan sales and ancillary products, grew 52.3% to $326 million. The company maintained strong liquidity with $871 million in cash and cash equivalents.Management continued to focus on driving profitability through operational efficiency while returning to growth, with total website units increasing to 45,974 vehicles. The company's logistics network now services 316 metropolitan areas covering 81.1% of the U.S. population. Carvana also strengthened its financial position by repurchasing $100 million of Senior Secured Notes during the quarter.
Carvana reported strong Q3 2024 financial results with total revenue increasing 31.8% to $3.66 billion, driven by a 34.2% rise in retail vehicle sales to 108,651 units. Gross profit surged 67.4% to $807 million, with total gross profit per unit reaching $7,427. The company achieved net income of $148 million compared to $741 million in Q3 2023.Operating performance showed significant improvement as retail vehicle gross profit per unit increased to $3,497 from $2,692 year-over-year, benefiting from lower average days to sale and reduced vehicle acquisition costs. Other sales and revenues, including loan sales and ancillary products, grew 52.3% to $326 million. The company maintained strong liquidity with $871 million in cash and cash equivalents.Management continued to focus on driving profitability through operational efficiency while returning to growth, with total website units increasing to 45,974 vehicles. The company's logistics network now services 316 metropolitan areas covering 81.1% of the U.S. population. Carvana also strengthened its financial position by repurchasing $100 million of Senior Secured Notes during the quarter.
Carvana公布了2024年第三季度的强劲财务业绩,总营业收入增长31.8%至36.6亿,零售汽车销售量上涨34.2%至108,651辆。毛利润激增67.4%至80700万,单位毛利润达到7427美元。公司实现净利润14800万,而2023年第三季度为74100万。运营业绩显著改善,零售汽车单位毛利润从去年的2692美元增加至3497美元,受益于平均销售天数减少和车辆购置成本降低。其他销售和收入,包括贷款销售和附加产品,增长52.3%至32600万。公司保持强大的流动性,现金及现金等价物达到87100万。管理层继续专注于通过运营效率推动盈利,同时恢复增长,总网站单位增加至45974辆。公司的物流网络现在服务于覆盖81.1%美国人口的316个大都市地区。Carvana还通过在季度内回购10000万的高级担保票据来加强其财务状况。
Carvana公布了2024年第三季度的强劲财务业绩,总营业收入增长31.8%至36.6亿,零售汽车销售量上涨34.2%至108,651辆。毛利润激增67.4%至80700万,单位毛利润达到7427美元。公司实现净利润14800万,而2023年第三季度为74100万。运营业绩显著改善,零售汽车单位毛利润从去年的2692美元增加至3497美元,受益于平均销售天数减少和车辆购置成本降低。其他销售和收入,包括贷款销售和附加产品,增长52.3%至32600万。公司保持强大的流动性,现金及现金等价物达到87100万。管理层继续专注于通过运营效率推动盈利,同时恢复增长,总网站单位增加至45974辆。公司的物流网络现在服务于覆盖81.1%美国人口的316个大都市地区。Carvana还通过在季度内回购10000万的高级担保票据来加强其财务状况。
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