Carvana

February 23, 2023 – Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter and full year ended December 31, 2022. Carvana Co. (NYSE: CVNA) reported a Q4 net loss of $7.61 per share,Analysts polled by Capital IQ, had been expecting a $2.40 per share loss. Summary of Q4 2022 and 2022 Results Q4 2022 Financial Results: Retail units sold totaled 86,977 a decrease of 23%. Revenue totaled $2.837 billion, a decrease of 24%. Total gross profit was $193 million, a decrease of 63%. FY 2022 Financial Results: Retail units sold totaled 412,296, a decrease of 3%. Revenue totaled $13.604 billion, an increase of 6%. Total gross profit was $1.246 billion, a decrease of 35%. Total gross profit per unit was $3,022, a decrease of $1,515 , Non-GAAP Total GPU (defined above) was $3,337. In FY 2022, we […]

Carvana (NYSE:CVNA) sold 86,977 used cars in the fourth quarter of 2022, versus analysts’ expectations of 94,394.