Carvana (CVNA) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the reported quarter compared with both the prior quarter and the same quarter last year. This marks the second consecutive quarter of growth after earlier declines.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the reported quarter compared with both the prior quarter and the same quarter last year. This marks the second consecutive quarter of growth after earlier declines.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
+11.4%
Change from the immediately preceding quarter.
Year-over-year
+14.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.7B
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 |
|---|---|---|
| Sep 30, 2023 | $2.8B | -18.1% |
| Dec 31, 2023 | $2.4B | -14.6% |
| Mar 31, 2024 | $3.1B | +17.5% |
| Jun 30, 2024 | $3.4B | +14.9% |
Revenue performance
The reported revenue continued the upward trend from the previous quarter and was also above the level of the same quarter one year earlier. The trailing twelve-month revenue was substantial.
Quarterly comparison
Revenue grew from the immediately preceding quarter and from the same quarter one year earlier, reflecting positive sequential and year-over-year performance.
What to watch
The trend of increasing revenue after previous declines warrants continued observation.