Carvana (CVNA) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter. The rise follows a decline in the immediately preceding quarter and also marks an improvement compared with the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter. The rise follows a decline in the immediately preceding quarter and also marks an improvement compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
+26.3%
Change from the immediately preceding quarter.
Year-over-year
+17.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.2B
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 |
|---|---|---|
| Jun 30, 2023 | $3B | -23.6% |
| Sep 30, 2023 | $2.8B | -18.1% |
| Dec 31, 2023 | $2.4B | -14.6% |
| Mar 31, 2024 | $3.1B | +17.5% |
Revenue performance
The reported revenue moved upward from the prior quarter, ending a sequence of consecutive decreases seen in the earlier three quarters.
Quarterly comparison
Revenue rose compared with both the preceding quarter and the same quarter one year prior, with the year-over-year figure also showing growth.
What to watch
The filing context mentions continued focus on profitability initiatives while returning to future growth, but no specific financial targets are provided.