Carvana Reports Big 4Q

By Staff Writer March 02, 2020

Carvana Co. announced financial results for the quarter and year ended Dec. 31, 2019.  The fourth quarter of 2019 included retail units sold of 50,370, an increase of 82 percent year-over-year. Revenue was $1.104 billion, an increase of 89 percent. Total gross profit (incl. gift) was $142.5 million, an increase of 154 percent. The number of vehicles purchased from customers was up 247 percent.

For the full year, retail units sold were 177,549, an increase of 89 percent. Revenue was $3.94 billion, an increase of 101 percent. The total gross profit (incl. gift) of $506.4 million, is an increase of 157 percent.

“In 2019 we had the highest organic growth year of any automotive retailer in U.S. history, driven by the quality of experiences we give to our customers,” said Ernie Garcia, founder and CEO of Carvana. “In addition, our offering of buying cars from customers saw even faster growth, more than tripling in the year.”

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Last modified on Monday, 02 March 2020 13:41

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