Carvana (CVNA) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reporting quarter increased compared to both the prior quarter and the same period a year ago. The company's filing discusses its continued focus on profitability initiatives as it returns to growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reporting quarter increased compared to both the prior quarter and the same period a year ago. The company's filing discusses its continued focus on profitability initiatives as it returns to growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+7.2%
Change from the immediately preceding quarter.
Year-over-year
+31.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.6B
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 |
|---|---|---|
| Dec 31, 2023 | $2.4B | -14.6% |
| Mar 31, 2024 | $3.1B | +17.5% |
| Jun 30, 2024 | $3.4B | +14.9% |
| Sep 30, 2024 | $3.7B | +31.8% |
Revenue performance
The company's revenue rose during the most recent quarter.
Quarterly comparison
When compared with the immediately preceding quarter, revenue was higher. Likewise, compared with the same quarter one year earlier, revenue was also higher.
What to watch
The effectiveness of the company's profitability initiatives will be a key factor to monitor in coming quarters.