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

Carvana posts record 2024 profit: net income $404 million on revenue of $13.7 billion

Positive Impact 3 of 5 earnings Written later

Carvana reported fourth-quarter and full-year 2024 results on February 19, 2025, with full-year revenue of $13.673 billion, up 27%, and net income of $404 million, compared with a 1.4% net income margin in 2023. The company expects significant growth in retail units sold and Adjusted EBITDA in full-year 2025, assuming the environment remains stable, and it also gave FY 2025 budget items such as about $520 million of GAAP interest expense.

Key points

  • FY 2024 retail units sold rose 33% to 416,348; revenue was $13.673 billion, up 27%.
  • FY 2024 net income was $404 million, a 3.0% margin, and included about $115 million from changes in the fair value of Root warrants.
  • Q4 2024 revenue was $3.547 billion, up 46%, and Q4 net income was $159 million, a 4.5% margin, compared with a loss margin of (8.3)% in Q4 2023.
  • The company expects significant growth in full-year 2025 retail units sold and Adjusted EBITDA, including a sequential increase in Q1 2025.

The filing

CompanyCarvana (CVNA)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:10 PM ET
Accession number0001690820-25-000073

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 February 19, 2025.

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.