Slide 1: Supplemental Financial Tables Q4 2024
Supplemental Financial Tables Q4 2024 February 2025 ©2025 Carvana, LLC
Slide 2: Supplemental Financial Tables
Supplemental Financial Tables Carvanaʼs long-term financial goal is to generate significant GAAP net income and free cash flow. However, over the last two years we have focused on driving progress in a set of intermediate Non-GAAP) financial metrics that are key inputs into that long-term goal. To
Slide 3: Quarterly Units
Quarterly Units © 2025 Carvana, LLC ©2023 Carvana, LLC Confidential Document 3
Slide 4: Quarterly GPU
Quarterly GPU Numbers may not foot due to rounding. Notes 6 D&A includes depreciation and amortization expense in cost of sales. 7 SBC includes stock based compensation expense in cost of sales. 8 Root warrant revenue represents the non-cash impact of earning Root warrants associated with our
Slide 5: Quarterly Retail GPU
Quarterly Retail GPU Numbers may not foot due to rounding. Notes 4 D&A includes depreciation and amortization expense in cost of sales. 5 SBC includes stock based compensation expense in cost of sales. 6 Restructuring includes costs related to our May 2022 and November 2022 reductions in force
Slide 6: Quarterly Wholesale Vehicle GPU
Quarterly Wholesale Vehicle GPU Numbers may not foot due to rounding. Notes 4 D&A includes depreciation and amortization expense in cost of sales. © 2024 2025 Carvana, LLC ©2023 Carvana, LLC Confidential Document 6
Slide 7: Quarterly Wholesale Marketplace GPU
Quarterly Wholesale Marketplace GPU Numbers may not foot due to rounding. Notes 4 D&A includes depreciation and amortization expense in cost of sales. © 2024 2025 Carvana, LLC ©2023 Carvana, LLC Confidential Document 7
Slide 8: Quarterly Other GPU
Quarterly Other GPU Numbers may not foot due to rounding. Notes 2 Root warrant revenue represents the non-cash impact of earning Root warrants associated with our partnership with Root. © 2024 2025 Carvana, LLC ©2023 Carvana, LLC Confidential Document 8
Slide 9: Quarterly SG&A Expenses $m
Quarterly SG&A Expenses $m Notes Numbers may not foot due to rounding. 7 D&A includes depreciation and amortization expense in SG&A expenses. 8 SBC includes stock based compensation expense in SG&A expenses. 9 Restructuring includes costs related to our May 2022 and November 2022 reductions
Slide 10: Quarterly SG&A Expenses Per Retail Unit
Quarterly SG&A Expenses Per Retail Unit Notes Numbers may not foot due to rounding. 7 D&A includes depreciation and amortization expense in SG&A expenses. 8 SBC includes stock based compensation expense in SG&A expenses. 9 Restructuring includes costs related to our May 2022 and November 2022
Slide 11: Quarterly Adjusted EBITDA $m
Quarterly Adjusted EBITDA $m Numbers may not foot due to rounding. Notes 4 D&A includes depreciation and amortization expense in cost of sales and SG&A expenses. 5 SBC includes stock based compensation expense in cost of sales and SG&A expenses. 6 Root warrant revenue represents the non-cash