Carvana (CVNA) Delivers First Quarterly Profit to Smash Estimates, Shares Surge as Firms Hike PTs Following a 'Milestone Quarter'

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Go back to Carvana (CVNA) Delivers First Quarterly Profit to Smash Estimates, Shares Surge as Firms Hike PTs Following a 'Milestone Quarter'

Carvana Announces Second Quarter 2021 Results, First Positive Net Income Quarter

August 5, 2021 4:05 PM EDT

Retail Units Sold of 107,815, an increase of 96% YoY

Revenue of $3.336 Billion, an increase of 198% YoY

Total Gross Profit of $552 Million, an increase of 268% YoY

Net Income of $45 Million, up from $(106) in the prior year period

EBITDA of $112 Million, up from $(69) in the prior year period

PHOENIX--(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 June 30,... More