Carvana ($CVNA): 2Q24 Units and Economics (Research Note #11)
Retail units and economics through the latest quarter.
The focus of this CVNA Research Note is on Carvana’s retail units and economics over time, through Q2 2024.
Includes some Q3 and Q4 estimates from Clarity Markets / Alternative Alpha, resources I highly recommend and use frequently.
The purpose of this Research Note is to create visuals and metrics not readily available within Carvana’s reporting / supplemental tables or from other sources.
Such as incremental profit per retail unit which is insightful, more recurring figures that require adjusting reported numbers, and more.
Additionally, I wanted to create the infrastructure to be able to compare the units and economics to other companies.
I will be sharing comparisons to CarMax soon.
I plan to update the figures below following Carvana’s upcoming Q3 2024 earnings.