Carvana Co. (CVNA) Q3 Revenues Beat
Carvana Co. (NYSE: CVNA) reported Q3 revenue of $3.48 billion versus the consensus estimate of $3.25 billion.
- Retail Units Sold of 111,949, an increase of 74% YoY
- Total Gross Profit per Unit of $4,672, an increase of $616 YoY
“The third quarter was another great quarter for Carvana. We delivered over 110,000 cars to our customers growing 74% vs a year ago and continued laying the foundations necessary to sell over 2 million cars per year,” said Ernie Garcia, founder and CEO of Carvana. “Despite the complexities of managing through all the change of the last 2 years, our team has continually executed and persevered as we bought and sold over 3x as many cars from our customers in the third quarter as we did in the third quarter of 2019. Thank you to our entire team for all the effort and care these accomplishments have required.”
For earnings history and earnings-related data on Carvana Co. (CVNA) click here.
