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Carvana | 8-K: Carvana Announces Record Fourth Quarter and Full Year 2023 Results

Carvana | 8-K:Carvana公布创纪录的2023年第四季度和全年业绩

美股sec公告 ·  02/22 16:13
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On February 22, 2024, Carvana Co. released its financial results for the fiscal quarter and year ending December 31, 2023. The announcement, made through a shareholder letter and press release, highlighted a record net income of $150 million and an Adjusted EBITDA of $339 million for the full year. Carvana experienced a significant increase in profitability, with a net income margin of 1.4% and an Adjusted EBITDA margin of 3.1% of revenue. The company's focus on efficiency led to a reduction in SG&A expenses by over $900 million year-over-year and a record low full year Advertising Expense per unit of $729. Carvana also reported improvements in customer experience, with a higher Customer Net Promoter Score and recognition in Forbes Best Employers list for the third consecutive...Show More
On February 22, 2024, Carvana Co. released its financial results for the fiscal quarter and year ending December 31, 2023. The announcement, made through a shareholder letter and press release, highlighted a record net income of $150 million and an Adjusted EBITDA of $339 million for the full year. Carvana experienced a significant increase in profitability, with a net income margin of 1.4% and an Adjusted EBITDA margin of 3.1% of revenue. The company's focus on efficiency led to a reduction in SG&A expenses by over $900 million year-over-year and a record low full year Advertising Expense per unit of $729. Carvana also reported improvements in customer experience, with a higher Customer Net Promoter Score and recognition in Forbes Best Employers list for the third consecutive year. The company's financial performance was driven by gains in Gross Profit Per Unit (GPU), cost efficiency improvements, and a vertically integrated platform that contributed to strong retail GPU. Despite a decrease in retail units sold by 24% and a 21% decrease in revenue compared to the previous year, the company's total gross profit increased by 38%. Carvana's outlook for the first quarter of 2024 is positive, with expectations of retail units sold slightly up year-over-year and Adjusted EBITDA significantly above $100 million.
2024年2月22日,Carvana Co. 发布了截至2023年12月31日的财季和年度的财务业绩。该公告是通过股东信函和新闻稿发布的,突显了全年创纪录的1.5亿美元净收入和3.39亿美元的调整后息税折旧摊销前利润。Carvana的盈利能力显著提高,净收入利润率为1.4%,调整后的息税折旧摊销前利润率为收入的3.1%。该公司对效率的关注使销售和收购费用同比减少了9亿美元以上,全年每单位广告支出创历史新低,为729美元。Carvana还报告说,客户体验有所改善,客户净推荐值有所提高,并连续第三年入选《福布斯最佳雇主》榜单。该公司的财务业绩是由单位毛利润(GPU)的增长、成本效率的提高以及促成零售GPU强劲的垂直整合平台推动的。尽管与上年相比,零售单位的销售量下降了24%,收入下降了21%,但该公司的总毛利增长了38%。Carvana对2024年第一季度的前景乐观,预计零售单位的销售量同比略有增长,调整后的息税折旧摊销前利润将大幅超过1亿美元。
2024年2月22日,Carvana Co. 发布了截至2023年12月31日的财季和年度的财务业绩。该公告是通过股东信函和新闻稿发布的,突显了全年创纪录的1.5亿美元净收入和3.39亿美元的调整后息税折旧摊销前利润。Carvana的盈利能力显著提高,净收入利润率为1.4%,调整后的息税折旧摊销前利润率为收入的3.1%。该公司对效率的关注使销售和收购费用同比减少了9亿美元以上,全年每单位广告支出创历史新低,为729美元。Carvana还报告说,客户体验有所改善,客户净推荐值有所提高,并连续第三年入选《福布斯最佳雇主》榜单。该公司的财务业绩是由单位毛利润(GPU)的增长、成本效率的提高以及促成零售GPU强劲的垂直整合平台推动的。尽管与上年相比,零售单位的销售量下降了24%,收入下降了21%,但该公司的总毛利增长了38%。Carvana对2024年第一季度的前景乐观,预计零售单位的销售量同比略有增长,调整后的息税折旧摊销前利润将大幅超过1亿美元。
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