Carvana (CVNA) Revenue — Quarter Ended Dec 31, 2023
Revenue declined in the reporting period. The decrease was observed both compared to the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined in the reporting period. The decrease was observed both compared to the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-12.6%
Change from the immediately preceding quarter.
Year-over-year
-14.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $2.6B | -25.5% |
| Jun 30, 2023 | $3B | -23.6% |
| Sep 30, 2023 | $2.8B | -18.1% |
| Dec 31, 2023 | $2.4B | -14.6% |
Revenue performance
Revenue has been on a downward trajectory over the trailing four quarters, with each sequential period showing a decline.
Quarterly comparison
Compared to the prior quarter, revenue was lower, and it was also lower than the corresponding quarter in the previous year.
What to watch
The filing discusses risks related to credit market volatility and the company's history of accumulated losses, which may affect future financing and operations.