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| Company | Revenue | |
|---|---|---|
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AutoNationAN |
6.59B 1.6% |
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AvisCAR |
3.48B 14.2% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.65B | 7.2% |
| Gross Profit | 807M | 12.9% |
| Cost of Revenue | 3.34B | 5.1% |
| Operating expense | 494M | 1.9% |
| Net Income | 85M | 372.2% |
| EBITDA | 113M | 198.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 7.37B | 2.8% |
| Total Liabilities | 7.08B | 0.4% |
| Total Equity | 611M | 16.2% |
| Shares Outstanding | 207M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 403M | 13.8% |
| Cash from investing | -15M | 850% |
| Cash from financing | -63M | 17.1% |
EPS
Financial Highlights for Carvana in Q3 '24
Carvana reported a revenue of 3.65B, which is a 7.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 807M, marking a 12.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.34B, a 5.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 494M, showing a 1.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 85M, showing a 372.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 113M, showing a 198.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Carvana with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
