Carvana Co. - Ordinary Shares - Class A

Carvana Co. - Ordinary Shares - Class A

CVNA

Market Cap$59.24B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Carvana Co. - Ordinary Shares - Class ACarvana Co. - Ordinary Shares - Class A2079.3-3%2.89.4

Earnings Call Q3 2024

October 30, 2024 - AI Summary

**Record Financial Performance**: Carvana reported a net income of $148 million and an adjusted EBITDA of $429 million for Q3 2024, marking a year-over-year adjusted EBITDA increase of $281 million and an adjusted EBITDA margin of 11.7%. This performance set a record for profitability in the automotive retail sector, showcasing the company's strong financial model.
**Growth in Retail Units Sold**: Retail units sold in Q3 totaled 108,651, a 34% increase year-over-year. The company expects further acceleration in year-over-year growth in retail units for Q4, taking advantage of the seasonal demand shift despite a historically low used car demand in the fourth quarter.
**Investment in Advertising**: Carvana plans to increase advertising spending by $5 to $10 million in Q4 to enhance brand awareness and convert sales, despite traditionally weaker demand. This strategic decision reflects a desire to test the impact of advertising on growth and customer acquisition efficiency.

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$267.50

Target Price by Analysts

6% downsideCarvana Target Price DetailsTarget Price
$-164.15

Current Fair Value

157.7% downside

Overvalued by 157.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$59.24 Billion
Enterprise Value$64.14 Billion
Dividend Yield$0 (0%)
Earnings per Share$4.12
Beta3.38
Outstanding Shares123,883,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio2079.27
PEG-2332.84
Price to Sales2.82
Price to Book Ratio142.27
Enterprise Value to Revenue5.11
Enterprise Value to EBIT96.89
Enterprise Value to Net Income3772
Total Debt to Enterprise0.09
Debt to Equity9.44

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Carvana Co.

CEO: Ernest Garcia