CVNA Q3 2023 Earnings — Carvana Co. Revenue & Financial Results | Market Cap Arena

CVNACarvana Co.

$70B

Q3 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$2.8B-18.1% YoY

Gross Profit

$437M15.8% margin

Operating Income

$49M1.8% margin

Net Income

$782M28.2% margin

EPS (Diluted)

$3.80

QoQ Revenue Growth

-6.6%

Cash Flow

Operating Cash Flow

$599M

Free Cash Flow

$580M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$7.2B

Stockholders' Equity

$339M

Cash & Equivalents

$616M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$3.4B	-18.1%
Gross Profit	$437M	$287M	+52.3%
Operating Income	$49M	-$297M	+116.5%
Net Income	$782M	-$283M	+376.3%

Revenue Segments

Used Vehicle Sales

$1.9B90%

Product and Service, Other

$214M10%