CVNA Q2 2023 Earnings — Carvana Co. Revenue & Financial Results | Market Cap Arena

CVNACarvana Co.

$70B

Q2 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$3.0B-23.6% YoY

Gross Profit

$499M16.8% margin

Operating Income

$42M1.4% margin

Net Income

-$58M-2.0% margin

EPS (Diluted)

$-0.55

QoQ Revenue Growth

+13.9%

Cash Flow

Operating Cash Flow

$509M

Free Cash Flow

$491M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$7.8B

Total Liabilities

$9.3B

Stockholders' Equity

-$697M

Cash & Equivalents

$541M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.9B	-23.6%
Gross Profit	$499M	$335M	+49.0%
Operating Income	$42M	-$325M	+112.9%
Net Income	-$58M	-$238M	+75.6%

Revenue Segments

Used Vehicle Sales

$2.0B100%

Product and Service, Other

$1M0%