Carvana ($CVNA): 3Q24 Units and Economics (Research Note #15)

Analysis of the retail units and economics over time, with a focus on the latest QoQ changes.

This CVNA Research Note analyzes the retail units and economics over time, through Q3 2024 (their most recent earnings, on October 30th).

The purpose is to:

• Focus on the latest QoQ changes.

• 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).

I will also be using this infrastructure to compare the latest figures to CarMax soon.