Carvana Estimates Overall Unit Economics Negatively Hit By About $200/Unit From Elevated Fuel Prices & Rapidly Rising Interest Rates In Q3; Says In 2027, To Convert Mid-Term Goal To Selling 3M Retail Units Annually At 12.5% Operating Margin Between 2030-2035; Expects Sequential Increase In Retail Units Sold In Q4
Over the past several years, we have focused our reporting and targets on non-GAAP financial metrics, including Non-GAAP GPU, Non-GAAP SG&A expense, and Adjusted EBITDA, which we believe have provided the clearest
Carvana lost about $200 per car sold because fuel and interest rates went up. The company still plans to sell many more cars later with better profits.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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