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AI brief of an SEC Form 8-K · Carvana (CVNA)

Carvana Q2 revenue up 15% to $3.410 billion; net income $48 million

Positive Impact 3 of 5 earnings Written later

Carvana reported second-quarter 2024 results with revenue of $3.410 billion, up 15%, and net income of $48 million, compared with a loss in the year-earlier quarter. The company also expects full-year 2024 Adjusted EBITDA of $1.0 to $1.2 billion, up from $339 million last year, which gives shareholders a specific profit target while the company's results were filed with the SEC.

Key points

  • Retail units sold totaled 101,440 in Q2 2024, up 33% year over year
  • Net income was $48 million, a 1.4% margin, versus a net loss margin of (3.5)% in Q2 2023
  • Adjusted EBITDA was $355 million, a 10.4% margin, compared with a 5.2% margin a year earlier
  • Outlook: full-year 2024 Adjusted EBITDA of $1.0 to $1.2 billion, versus $339 million in 2023

The filing

CompanyCarvana (CVNA)
Form8-K, current report
Filed with the SECJul 31, 2024, 4:11 PM ET
Accession number0001690820-24-000270

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.