Carvana Announces Record Fourth Quarter and Full Year 2024 Results

About this update from Carvana Co.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":5000,"height":1096,"url":"https://media.zenfs.com/en/business-wire.com/d2d3766d7fed302920aafabcf35d3ab7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bfVPUAVh.ZeM3NvwYxcqGA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIxMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d2d3766d7fed302920aafabcf35d3ab7","width":960,"height":210},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/_RyQMGWkhY.uzBJpC4a_Dg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD01MjY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/d2d3766d7fed302920aafabcf35d3ab7","width":1200,"height":263}},"lazy":false},{"type":"text","content":"Drives Record Top and Bottom Line Results: Revenue of $13.67 Billion, Net Income of $404 Million and Adjusted EBITDA of $1.38 Billion","length":133,"tagName":"p","attribs":{}},{"type":"text","content":"Continues Industry-Leading Year-over-year Retail Unit Growth: 50% in Q4 and 33% for Full Year 2024","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"Delivers Record 3.0% Net Income margin and Industry-Leading 10.1% Adjusted EBITDA margin for Full Year 2024","length":107,"tagName":"p","attribs":{}},{"type":"text","content":"Expects Significant Growth in Both Retail Units Sold and Adjusted EBITDA1 in Full Year 2025","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"PHOENIX, February 19, 2025--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended December 31, 2024. Carvana’s complete fourth quarter and fiscal year 2024 financial results and management commentary are available in the company’s shareholder letter on the quarterly results page of its Investor Relations website.","length":425,"tagName":"p"},{"type":"text","content":""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. "This unique combination is the product of more than $10 billion, 10 years, and tens of millions of hours of hard work invested to develop a truly differentiated business model that delivers both better customer ...

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