CVNA Q1 2024 Earnings — Carvana Co. Revenue & Financial Results | Market Cap Arena

CVNACarvana Co.

$70B

Q1 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$3.1B+17.5% YoY

Gross Profit

$548M17.9% margin

Operating Income

$135M4.4% margin

Net Income

$28M0.9% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

+26.3%

Cash Flow

Operating Cash Flow

$101M

Free Cash Flow

$83M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$7.3B

Stockholders' Equity

$289M

Cash & Equivalents

$252M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.1B	$2.6B	+17.5%
Gross Profit	$548M	$253M	+116.6%
Operating Income	$135M	-$131M	+203.1%
Net Income	$28M	-$160M	+117.5%

Revenue Segments

Used Vehicle Sales

$2.2B90%

Product and Service, Other

$229M10%