Carvana Past Earnings Performance
Past criteria checks 2/6
Carvana's earnings have been declining at an average annual rate of -39.5%, while the Specialty Retail industry saw earnings growing at 0.1% annually. Revenues have been growing at an average rate of 31% per year.
Key information
-39.5%
Earnings growth rate
-26.1%
EPS growth rate
| Specialty Retail Industry Growth | 4.1% |
| Revenue growth rate | 31.0% |
| Return on equity | n/a |
| Net Margin | 4.2% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Carvana makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 10,771 | 450 | 1,607 | 0 |
| 30 Sep 23 | 11,184 | -242 | 2,016 | 0 |
| 30 Jun 23 | 11,797 | -1,307 | 2,237 | 0 |
| 31 Mar 23 | 12,713 | -1,487 | 2,502 | 0 |
| 31 Dec 22 | 13,604 | -1,587 | 2,460 | 0 |
| 30 Sep 22 | 14,520 | -870 | 2,697 | 0 |
| 30 Jun 22 | 14,614 | -619 | 2,589 | 0 |
| 31 Mar 22 | 14,066 | -359 | 2,343 | 0 |
| 31 Dec 21 | 12,814 | -135 | 1,928 | 0 |
| 30 Sep 21 | 10,888 | -109 | 1,760 | 0 |
| 30 Jun 21 | 8,952 | -84 | 1,482 | 0 |
| 31 Mar 21 | 6,734 | -147 | 1,249 | 0 |
| 31 Dec 20 | 5,587 | -171 | 1,126 | 0 |
| 30 Sep 20 | 4,864 | -149 | 1,027 | 0 |
| 30 Jun 20 | 4,414 | -172 | 966 | 0 |
| 31 Mar 20 | 4,283 | -152 | 905 | 0 |
| 31 Dec 19 | 3,940 | -115 | 790 | 0 |
| 30 Sep 19 | 3,421 | -96 | 672 | 0 |
| 30 Jun 19 | 2,861 | -83 | 574 | 0 |
| 31 Mar 19 | 2,350 | -74 | 492 | 0 |
| 31 Dec 18 | 1,955 | -61 | 422 | 0 |
| 30 Sep 18 | 1,636 | -90 | 359 | 0 |
| 30 Jun 18 | 1,326 | -77 | 308 | 0 |
| 31 Mar 18 | 1,060 | -70 | 264 | 0 |
| 31 Dec 17 | 859 | -64 | 226 | 0 |
| 30 Sep 17 | 701 | -100 | 196 | 0 |
| 30 Jun 17 | 574 | -98 | 165 | 0 |
| 31 Mar 17 | 451 | -95 | 136 | 0 |
| 31 Dec 16 | 365 | -93 | 111 | 0 |
| 30 Sep 16 | 301 | -23 | 87 | 0 |
| 31 Dec 15 | 130 | -37 | 37 | 0 |
| 31 Dec 14 | 42 | -15 | 15 | 0 |
Quality Earnings: CV0 has a large one-off gain of $867.0M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: CV0 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CV0 has become profitable over the past 5 years, growing earnings by -39.5% per year.
Accelerating Growth: CV0 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CV0 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-15.3%).
Return on Equity
High ROE: CV0's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.