Exhibit 99.1 Dear Shareholders, The second quarter was another landmark quarter for Carvana. As measured by unit growth and Adjusted EBITDA margin, we were again the fastest growing and most profitable public automotive retailer, this time by a greater margin than in the first quarter. We grew retail units by 33% and achieved record second quarter net income margin of 1.4% and all-time-record Adjusted EBITDA margin of 10.4%. We believe this is not only industry-leading in today's environment, but also the h ...

Carvana Co (NYSE:CVNA) is ready to step into the earnings confessional after the close tomorrow, July 31. Per Zacks.com, analysts expect Carvana to record a breakeven second-quarter earnings per share on revenue of $3.2 billion. Ahead of the event, shares of the online used-car retailer is trading 3.3% lower at $123.68. It's easy to spot those post-earnings jumps on the chart, with both representing big bull gaps that have helped Carvana stock add 133.5% in 2024. A comparable move would help the security br ...

Image Source: Zacks Investment Research What's Shaping Q2 Results? YTD Price Comparison Carvana's three-step plan— focusing on achieving positive adjusted EBITDA, enhancing adjusted EBITDA per unit and returning to growth— sparks optimism. The acquisition of ADESA's U.S. operations has significantly bolstered Carvana's logistics, auction capabilities, and reconditioning processes, promising to increase its annual reconditioning capacity from 1.3 million to 3 million units. This expansion enhances vehicle qu ...

These stocks could be risky investments to hold in the second half of the year. According to Wall Street analysts, three stocks that look overpriced today include Palantir Technologies (PLTR 0.11%), Marathon Digital (MARA -1.89%), and Carvana (CVNA 0.55%). Here's a look at how much analysts believe they could fall and why they should be avoided right now. The consensus analyst price target for Palantir Technologies is $21.32 per share. Based on its current share price of $28.81, the stock could fall 26% ove ...

Core Insights - Carvana has improved its competitive position through cost-minimization strategies, including cutting shipping costs and delivery times by converting ADESA's wholesale facility into its warehouse and reconditioning facilities [3][31][46] - The company has achieved significant gross profit per unit, with $3,080 for retail vehicles and $2,492 from other sources in Q1 2024, indicating strong operational efficiency [42][51] - Carvana's inventory turnover ratio reached 2.14x in Q1 2024, surpassing competitors like AutoNation and CarMax, which positions the company favorably in a fragmented used car market [11][12][28] Financial Performance - In Q1 2024, Carvana reported total net sales and operating revenues of $3,061 million, a 17.5% increase from the previous year, with retail vehicle sales up by 19% [42] - The gross profit for retail vehicles increased by 157.3% to $283 million, while total gross profit rose by 73.3% to $591 million [42] - Carvana's gross margin reached 19.3% in Q1 2024, leading the industry and indicating a competitive edge over traditional dealership models [51][49] Market Position and Growth Potential - Carvana currently holds a 1% market share in the used automobile sector, with potential for growth as it capitalizes on its nationwide inventory and operational efficiencies [19][64] - The company has the capacity to utilize 2.9x-5.6x of its unutilized capacity in production and logistics, providing a solid foundation for future growth [22][28] - Carvana's advertising expenses have decreased significantly, from 7.4% of sales in 2016 to 2.1% in 2023, demonstrating improved cost efficiency while maintaining growth [23][35] Competitive Advantages - Carvana's online-only model allows for streamlined operations and a unique advantage in cross-selling vehicle loans, resulting in a higher portion of revenue from financing compared to traditional dealerships [36][51] - The company has successfully negotiated lower interest costs with lenders, enhancing its financial position and reducing perceived solvency risk [25][68] - Carvana's focus on cost efficiency has led to a total cost reduction of approximately $400 per unit since FY 2021, further strengthening its competitive stance [55][41]

The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +98.2%. The consensus EPS estimate for the quarter has been revised 2.33% higher over the last 30 days to the current level. This is essentially a reflection of h ...

Carvana (CVNA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CVNA broke through the 20-day moving average, which suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. The 2 ...

Carvana (CVNA) closed at $130.06 in the latest trading session, marking a +0.68% move from the prior day. This change outpaced the S&P 500's 0.71% loss on the day. Meanwhile, the Dow experienced a drop of 0.93%, and the technology-dominated Nasdaq saw a decrease of 0.81%. Analysts and investors alike will be keeping a close eye on the performance of Carvana in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2024. On that day, Carvana is projected to report ear ...

Key Takeaways The shares, recently up about 3%, have risen roughly 150% this year and sit just a bit below year-to-date highs. The analysts lifted their price target to $155 from $150 and reiterated an "overweight" rating on the stock. Their target is substantially above the consensus of analysts tracked by Visible Alpha, which is near $118. Carvana (CVNA) shares rose Friday following a prediction of an earnings beat from JPMorgan analysts, who lifted their price target on the online car seller's shares for ...

Below, we take a look at Carvana (CVNA) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Carvana currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style ...