Carvana Stock Surges On Q3 Earnings: Revenue Beat, EPS Beat, Vehicle Sales Up 34% — 'We Are Just Getting Started'
Carvana Stock Surges On Q3 Earnings: Revenue Beat, EPS Beat, Vehicle Sales Up 34% — 'We Are Just Getting Started'
Net income was $148 million and net income margin was 4% in the third quarter. Carvana reported operating income of $337 million and adjusted EBITDA of $429 million.Carvana Co (NYSE:CVNA) reported financial results for the third quarter after the market close on Wednesday. Here's a look at the key metrics from the quarter.
Carvana Co（紐交所:CVNA）在週三收盤後公佈了第三季度的財務業績。以下是該季度的關鍵指標。
Q3 Earnings: Carvana reported third-quarter revenue of $3.66 billion, beating the consensus estimate of $3.45 billion, according to Benzinga Pro. The used car retailer reported third-quarter earnings of 64 cents per share, beating analyst estimates of 17 cents per share.
第三季度收入：根據Benzinga Pro的數據，Carvana報告第三季度營業收入爲36.6億美元，超過了34.5億美元的共識預期。這家二手車零售商報告第三季度每股收益爲64美分，超過了分析師預期的17美分。
Total revenue was up 32% year-over-year. Carvana sold 108,651 vehicles in the third quarter, up 34% year-over-year. Gross profit per unit was $7,427 in the quarter, up $1,475 from the prior year's quarter.
總營業收入同比增長了32%。Carvana 在第三季度銷售了108,651輛汽車，同比增長了34%。每單位的毛利潤爲7,427美元，比去年同期增加了1,475美元。
Net income was $148 million and net income margin was 4% in the third quarter. Carvana reported operating income of $337 million and adjusted EBITDA of $429 million.
淨利潤爲1億4800萬美元，淨利潤率爲第三季度的4%。Carvana 報告第三季度營業收入爲3億3700萬美元，調整後的 EBITDA 爲4億2900萬美元。
"Carvana's exceptional results underscore our position as the fastest-growing and most profitable automotive retailer. Our progress in Q3 further highlights the strength of our vertically integrated business model and also begins to demonstrate the power of our unique infrastructure, including the ADESA network," said Ernie Garcia, co-founder and CEO of Carvana.
"Carvana 的出色業績凸顯了我們作爲增長最快、最具盈利能力的汽車零售商的地位。我們在第三季度的進展進一步突顯了我們垂直一體化業務模式的優勢，也開始展現我們獨特製造行業的力量，包括 ADESA 網絡，"Carvana 的聯合創始人兼首席執行官 Ernie Garcia 表示。
"As we integrate our operations and tap our national footprint, we are not only driving efficient growth, but also improving customer experiences, reducing costs, and strengthening our wholesale platform."
"當我們整合我們的運營並利用我們的全國範圍時，我們不僅帶動了有效增長，還改善了客戶體驗，降低了成本，並加強了我們的批發平台。"
Outlook: Carvana said it anticipates a sequential increase in year-over-year growth for retail units sold in the fourth quarter. The company also expects full-year adjusted EBITDA to be above the high end of its previous guidance range of $1 billion to $1.2 billion.
展望：Carvana 表示，他們預計第四季度零售銷售單位的同比增長將會有所增加。該公司還預計全年調整後的 EBITDA 將超過之前10億至12億美元的指導範圍的高端。
"With just 1% share in an enormous market, significant capacity to support growth, and a business that generates positive feedback as it scales, we are just getting started," Garcia added.
"在一個龐大市場中，我們僅擁有1%的份額，有着顯著的增長支持能力，以及一個隨着規模擴大而獲得積極反饋的業務，我們才剛剛開始，"Garcia 補充道。
Management will hold a conference call to further discuss the company's quarterly performance at 5:30 p.m. ET.
管理層將在美國東部時間下午5:30舉行電話會議，進一步討論公司季度業績。
CVNA Price Action: Carvana shares were up 22.05% after hours at $253.02 at the time of publication Wednesday, according to Benzinga Pro.
CVNA股價走勢：根據Benzinga Pro的數據，週三發佈時，Carvana股價在盤後上漲了22.05%，達到253.02美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。
