The company said retail vehicle sales rose by $594 million to $2.5 billion for the 3 months ended September 30, 2024. It cited an increase in retail vehicle units sold from 80,987 to 108,651 as the factor.

1. 01

   The company said retail vehicle sales rose by $594 million to $2.5 billion for the 3 months ended September 30, 2024. It cited an increase in retail vehicle units sold from 80,987 to 108,651 as the factor.

2. 02

   Carvana said retail vehicle gross profit rose from $218 million to $380 million for the 3 months ended September 30, 2024. It said retail gross profit per unit increased from $2,692 to $3,497.

3. 03

   The company said selling, general and administrative expenses rose by $36 million to $469 million for the 3 months ended September 30, 2024. It cited higher employee headcount and other SG&A expenses associated with higher retail unit sales.

4. 04

   The company said operating cash flow for the 9 months ended September 30, 2024 was $858 million, a decrease of $184 million. It also said it repurchased and cancelled $350 million of principal amount of 2028 Senior Secured Notes over the same 9 months.

Key figures

Quarter ended September 30, 2024

Revenue

$3.7B

Operating income

$337M

Net income

$85M

Gross profit

$807M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.