Online car dealer Carvana reported a revenue and profit beat for the fourth quarter, as the company continued its push into profitability. However shares pulled back more than 5% in after hours trading, after the company’s shares hit a fresh 52-week high earlier in the day.
For the fourth quarter, Carvana (CVNA) posted revenue of $3.55 billion vs $3.34 billion, estimated per Bloomberg consensus estimates, up 32% from a year ago, though lower than the $3.66 billion reported in Q3. Carvana report Q4 EPS of $0.56 vs $0.31 estimated, with adjusted EBITDA coming in at $359 million vs $329.4 million expected.
Carvana’s retail unit sales in Q4 hit 114,379 vs 108,339 estimated for the quarter.
For the year, Carvana reported record adjusted EBITDA of $1.378 billion, with an adjusted EBITDA margin of 10.1%
«In 2024, Carvana became the most profitable public automotive retailer in US history as measured by Adjusted EBITDA margin while also resuming industry-leading growth,» said Ernie Garcia, Carvana founder and CEO in a statement.
Carvana expects «significant growth» in both retail units sold and Adjusted EBITDA in full year 2025, including a sequential increase in both retail units sold and Adjusted EBITDA in Q1, assuming the environment remains stable, the company said.
Carvana shares jumped nearly 300% in 2024 and are up another 43% thus far in 2025.
This is breaking news. More to come.
Pras Subramanian is a reporter for Yahoo Finance. You can follow him on Twitter and on Instagram.
For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here
Read the latest financial and business news from Yahoo Finance
