Carvana Posts Record Q4 Results and Projects Strong Growth for 2025

The used car retailer beat earnings and revenue expectations, achieving record profitability and forecasting continued expansion.

Carvana reported Q4 2024 revenue of $3.55 billion, a 46% year-over-year increase, surpassing analyst expectations of $3.31 billion.
The company achieved Q4 earnings of 56 cents per share, significantly exceeding the 29-cent consensus estimate and reversing a loss of $1 per share in the same quarter last year.
Carvana sold 114,379 vehicles in Q4, up 50% compared to the same period in 2023, contributing to a record annual total of 416,348 vehicles sold in 2024.
Full-year 2024 adjusted EBITDA reached $1.38 billion, making Carvana the most profitable public automotive retailer in U.S. history by adjusted EBITDA margin.
For 2025, Carvana expects significant growth in retail units sold and adjusted EBITDA, with sequential increases anticipated starting in Q1.