CVNA Q1 2023 Earnings — Carvana Co. Revenue & Financial Results | Market Cap Arena

CVNACarvana Co.

$70B

Q1 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$2.6B-25.5% YoY

Gross Profit

$253M9.7% margin

Operating Income

-$131M-5.0% margin

Net Income

-$160M-6.1% margin

EPS (Diluted)

$-1.51

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

-$66M

Free Cash Flow

-$98M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$8.6B

Total Liabilities

$10.0B

Stockholders' Equity

-$660M

Cash & Equivalents

$488M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$3.5B	-25.5%
Gross Profit	$253M	$262M	-3.4%
Operating Income	-$131M	-$429M	+69.5%
Net Income	-$160M	-$260M	+38.5%

Revenue Segments

Used Vehicle Sales

$1.8B92%

Product and Service, Other

$161M8%