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Carvana | 10-Q: Q3 2024 Earnings Report

Carvana | 10-Q: Q3 2024 Earnings Report

Carvana | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/30 13:24

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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公佈了2024年第三季度的強勁財務業績,總營業收入增長31.8%至36.6億,零售汽車銷售量上漲34.2%至108,651輛。毛利潤激增67.4%至80700萬,單位毛利潤達到7427美元。公司實現凈利潤14800萬,而2023年第三季度爲74100萬。運營業績顯著改善,零售汽車單位毛利潤從去年的2692美元增加至3497美元,受益於平均銷售天數減少和車輛購置成本降低。其他銷售和收入,包括貸款銷售和附加產品,增長52.3%至32600萬。公司保持強大的流動性,現金及現金等價物達到87100萬。管理層繼續專注於通過運營效率推動盈利,同時恢復增長,總網站單位增加至45974輛。公司的物流網絡現在服務於覆蓋81.1%美國人口的316個大都市地區。Carvana還通過在季度內回購10000萬的高級擔保票據來加強其財務狀況。
Carvana公佈了2024年第三季度的強勁財務業績,總營業收入增長31.8%至36.6億,零售汽車銷售量上漲34.2%至108,651輛。毛利潤激增67.4%至80700萬,單位毛利潤達到7427美元。公司實現凈利潤14800萬,而2023年第三季度爲74100萬。運營業績顯著改善,零售汽車單位毛利潤從去年的2692美元增加至3497美元,受益於平均銷售天數減少和車輛購置成本降低。其他銷售和收入,包括貸款銷售和附加產品,增長52.3%至32600萬。公司保持強大的流動性,現金及現金等價物達到87100萬。管理層繼續專注於通過運營效率推動盈利,同時恢復增長,總網站單位增加至45974輛。公司的物流網絡現在服務於覆蓋81.1%美國人口的316個大都市地區。Carvana還通過在季度內回購10000萬的高級擔保票據來加強其財務狀況。
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