No no no. I'll deliver for free haha
It was nice knowing you Carvana
- Thread starter Klaus
- Start date
No no no. I'll deliver for free haha
Hmmm... refinance my house and take a 200k loan and go up in my interest rate but GT3!!!!!!
or keep boring cars.....
YOLO?
Beautiful car. Thanks for reaching out. I will have to pass on red.
It just looks cold outside. No leaves on the the trees, and what's up with all the crack looking deals in the blacktop? Is spacing the vehicles a trick to make it look like you have more inventory? lol Oh yeah, nice damn car.
I heard on the AM radio that they have more cars than ever before
Perfect grandpa car!
Long tube header swaps would be infinitely easier on that than on a 4V New Edge.
Carvana net loss widens to $806 million in Q4
The company's growing tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers' used-vehicle demand.
Carvana Co. said Thursday it recorded a net loss of $806 million in the fourth quarter, bringing its overall financial losses in 2022 to $1.6 billion.
The company's growing tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers' used-vehicle demand — all a collective blow to Carvana.
The online used-vehicle retailer reported revenue of $2.8 billion in the fourth quarter, down 24 percent compared with the same period a year earlier. For all of 2022, Carvana reported revenue of $13.6 billion, up 6.2 percent from 2021.
The Tempe, Ariz., company sold 86,977 vehicles in the fourth quarter of 2022, down 23 percent. The profit it made per vehicle retailed tumbled 51 percent to $2,219, down $2,347 from the fourth-quarter 2021 figure.
RELATED ARTICLE
Timeline: Carvana's rough stretch
CARVANA Q4 REPORT
CARVANA Q4 REPORT >For the full year, Carvana sold 412,296 vehicles, down 3.0 percent from 2021. Its yearly per-vehicle profit was $3,022, down $1,515 from 2021.
"From a short-term perspective, it was clearly a very difficult year," Carvana CEO Ernie Garcia and CFO Mark Jenkins wrote in a letter to shareholders. "After eight consecutive years of annual improvement, it was the first year we stepped back on the key metrics of retail units sold, total GPU, net income margin and adjusted EBITDA margin."
Carvana shares were flat in after-hours trading Thursday. The stock closed at $10.08 a share.
Carvana net loss widens to $806 million in Q4
The company's growing tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers' used-vehicle demand.
Carvana Co. said Thursday it recorded a net loss of $806 million in the fourth quarter, bringing its overall financial losses in 2022 to $1.6 billion.
The company's growing tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers' used-vehicle demand — all a collective blow to Carvana.
The online used-vehicle retailer reported revenue of $2.8 billion in the fourth quarter, down 24 percent compared with the same period a year earlier. For all of 2022, Carvana reported revenue of $13.6 billion, up 6.2 percent from 2021.
The Tempe, Ariz., company sold 86,977 vehicles in the fourth quarter of 2022, down 23 percent. The profit it made per vehicle retailed tumbled 51 percent to $2,219, down $2,347 from the fourth-quarter 2021 figure.
RELATED ARTICLE
Timeline: Carvana's rough stretch
CARVANA Q4 REPORT
CARVANA Q4 REPORT >
For the full year, Carvana sold 412,296 vehicles, down 3.0 percent from 2021. Its yearly per-vehicle profit was $3,022, down $1,515 from 2021.
"From a short-term perspective, it was clearly a very difficult year," Carvana CEO Ernie Garcia and CFO Mark Jenkins wrote in a letter to shareholders. "After eight consecutive years of annual improvement, it was the first year we stepped back on the key metrics of retail units sold, total GPU, net income margin and adjusted EBITDA margin."
Carvana shares were flat in after-hours trading Thursday. The stock closed at $10.08 a share.
$13.6B in annual rev for 2022 and still managed to lose (a lot) money lol.
Who's running that shit factory? A Biden family member? Or maybe @Goose17
Honest answer: Investors haha
Maybe Carvana should stop spending all that money on Jimmie Johnson and his race car....
U.M.
U.M.
Truth
Wife ordered an Aviator a couple of months ago, X Plan. Trade was her Jaguar F Pace. Aviator came in 2 days ago and the dealer quoted her a trade in value. A bit low and they would only bump it up another $500. Said we'd take care of it on our own. Googled Carvana and spent all of three minutes inputting the VIN and answered a few basic questions about the Jaguar. They offered $6500 more than the dealer. Done.
Carvana's idea was sound, but like people who think they have thought up a better mousetrap, they didn't think like the mice. There is much more to the used car market than just delivering a car. Title issues, warranty issues, customer issues, scam artists, wildly fluctuating local markets, it all just makes it a lot harder than their little algorithm said it would be. If they could have kept the humans out of the equation it probably would have worked great.
But how much sales tax credit do you lose by not trading it in?
Isn’t NY 8.25% ?
Did Carvana actually lose money or just not make as much as it assumed it would make?
A few days ago or so a new billboard popped up about financing through the company.
A few days ago or so a new billboard popped up about financing through the company.
Indeed it is. She lost 2k via the lost sales tax savings but still pulled in 4k more than the dealer offer.
And if it matters, sales tax here in NY varies by jurisdiction. Total pain in the ass if you have a sales gig here.
They sponsored a car in the daytona 500 too...that aint cheap
LOL, sales tax is capped at $500 here in SC.
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