$CVNA (-1,91%) | Carvana Q3'24 Earnings Highlights:

🔹 EPS: $0.64 (Est. $0.29) 🟢

🔹 Revenue: $3.66B (Est. $3.45B) 🟢; UP +32% YoY

🔹 Retail Units Sold: 108,651; UP +34% YoY

Outlook:

🔹 Full-Year Adjusted EBITDA: Expected to be "significantly above" prior guidance of $1.0B - $1.2B 🟢

🔹 Retail Units: Expects sequential increase in YoY growth rate

🔹 Operational Focus: Continued emphasis on efficiency and enhancing customer experience

🔹 Market Conditions: Assumes stable environment

Key Financial Metrics:

🔹 Net Income Margin: 4.0%

🔹 Adjusted EBITDA: $429M (Record)

🔹 Adjusted EBITDA Margin: 11.7% (Record and industry best)

🔹 Market Share: ~1% of total used car market

Business Highlights:

🔸 Vertically Integrated Business Model: Driving profitability and growth

🔸 ADESA Network Integration: Improving operational efficiency

🔸 National Footprint: Supporting growth and cost reductions

🔸 Wholesale Platform Performance: Strong results contributing to profitability

🔸 Present in Over 300 U.S. Markets

CEO Ernie Garcia's Commentary:

🔸 "Carvana's exceptional results underscore our position as the fastest-growing and most profitable automotive retailer. Our progress in Q3 further highlights the strength of our vertically integrated business model and also begins to demonstrate the power of our unique infrastructure, including the ADESA network."