Supplemental Financial Tables Q1 2025 May 2025 ©2025 Carvana, LLC Supplemental Financial Tables Over the last several years we reported three non-GAAP financial metrics to clearly demonstrate and highlight the most meaningful drivers within our business: Non-GAAP Gross Profit, Non-GAAP SG&A Expense, and Adjusted EBITDA. The Non-GAAP metrics presented in these tables do not represent and should not be considered an alternative to gross profit, SG&A expense, or net income (loss), as determined by U.S. GAAP. N ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number: 001-38073 CARVANA CO. (Exact name of registrant as specified in its charter) | Delaware | | | 81-4549921 | | --- | --- | --- | -- ...

Exhibit 99.1 Dear Shareholders, The first quarter was another outstanding quarter for Carvana. We grew retail units sold 46% year-over-year to nearly 134,000, a new company record. This growth makes us the fastest growing automotive retailer by a large margin. Amongst the other public automotive retailers, the fastest same store unit growth was 6%. We more than doubled Net income and Adjusted EBITDA year-over-year to $373 million and $488 million, respectively, in the first quarter this year. This growth wa ...

Carvana (CVNA) is slated to release first-quarter 2025 results on Wednesday, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $4.04 billion, respectively.The earnings estimate for the first quarter of 2025 has moved up by 2 cents over the past seven days. In the year-ago quarter, the company had incurred a loss of 41 cents per share. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year increas ...

Investors who bet on Carvana (CVNA 2.03%) stock back in 2023 are now reaping huge rewards. The online used car buying and financing marketplace went through a serious rough patch in 2022 that sent its shares down by 99% from their all-time highs. But for investors who held on, or who bought in when the company's outlook looked dark, the ride since the beginning of 2023 has been nothing short of miraculous. Today, the stock is up by over 5,000% in just over two years.Though it's still more than 30% below its ...

In its upcoming report, Carvana (CVNA) is predicted by Wall Street analysts to post quarterly earnings of $0.73 per share, reflecting an increase of 278.1% compared to the same period last year. Revenues are forecasted to be $4.04 billion, representing a year-over-year increase of 32%.The consensus EPS estimate for the quarter has undergone an upward revision of 6.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial es ...

Carvana股票表现 - Carvana股票在过去一年中表现优异，上涨20%，而同期大盘表现不佳[1] - 尽管股价上涨引发部分看空观点认为可能过热，但仍有分析师持乐观态度[1] 分析师背景 - 分析师Moz Farooque拥有丰富的市场分析经验，其研究曾在多家知名财经平台发表[1] - Moz Farooque具备ACCA会员资格和牛津布鲁克斯大学应用会计与金融学士学位[1]

业绩总结 - 2025年第一季度，Broadstone Net Lease的投资租赁物业总额为5,032,276千美元，较2024年第四季度增长约2.1%[14] - 2025年第一季度的净收入为17,493千美元，相较于2024年第四季度下降约36.7%[14] - 2025年第一季度的每股稀释净收益为0.09美元，较2024年第四季度下降约35.7%[14] - 2025年第一季度的资金来自运营（FFO）为72,627千美元，较2024年第四季度下降约9.1%[14] - 2025年第一季度的核心资金来自运营（Core FFO）为75,280千美元，较2024年第四季度增长约1.1%[14] - 2025年第一季度的调整后资金来自运营（AFFO）为71,812千美元，较2024年第四季度增长约1.8%[14] - 2025年第一季度的总资产为5,237,186千美元，较2024年第四季度增长约0.4%[14] - 2025年第一季度的总负债为2,156,372千美元，较2024年第四季度增长约3.9%[14] - 2025年第一季度的现金及现金等价物为9,605千美元，较2024年第四季度下降约35.0%[14] - 2025年第一季度的租赁收入净额为108,690千美元，较2024年第四季度下降3.9%[16] 未来展望与市场扩张 - 截至2025年3月31日，公司拥有769个物业，总可租赁面积为39.8百万平方英尺，年化基础租金总额为401.3百万美元[47] - 第一季度共完成3笔交易，涉及6个物业，收购价格为59,004千美元[41] - 建设中的项目总可租赁面积为1,446平方英尺，预计总投资为233,203千美元[42] - 公司在2025年第一季度的零售中心物业的占用率为95.2%，季度租金收集率为100%[43] - 公司在2025年第一季度的物业处置活动中，处置了3个物业，处置价格为7,385,000美元[46] 负面信息 - 2025年第一季度的净收入较2024年第四季度下降了36.6%[18] - 2025年第一季度的EBITDA为77,419千美元，较2024年第四季度下降了14.6%[29] - 2025年第一季度的利息支出为20,074千美元，较2024年第四季度上升了2.6%[29] - 2025年第一季度的总股东权益为3,080,814千美元，较2024年第四季度下降1.9%[15] 新产品与技术研发 - 公司在2025年第一季度的加权平均现金资本化率为9.2%[46] - 稳定的工业项目的初始现金资本化率为7.2%，预计收益率为8.6%[42] 其他有价值的信息 - 2025年第一季度的合同租金收入为99,314千美元，较2024年第四季度增长了1.1%[20] - 2025年第一季度的未偿还循环信贷额度为174,122千美元，较2024年第四季度增长87.3%[15] - 公司前10大租户的年化基础租金占比为21.9%，前20大租户的占比为35.3%[50] - 公司投资级租户的比例为20.1%[47] - 2025年的租约到期ABR为4,188,000美元，占总组合的1.0%[67]

公司业绩预期 - Wayfair预计2025年第一季度收入同比持平或略微负增长 Zacks一致预期收入为27 1亿美元 同比下滑0 66% [1] - 一季度每股亏损预期为0 18美元 较过去30天收窄0 01美元 较去年同期亏损0 32美元显著改善 [2] - 公司过去四个季度盈利表现分化 两次低于预期 两次超出预期 平均负偏差达320 11% [3] 运营亮点 - CastleGate物流网络订单中90%带有"速度徽章" 缩短交付时间并降低退货率 一日达选项使供应商转化率提升超60% [4] - 2024年四季度加大广告投入并延续至2025年初 聚焦高ROI渠道以加速客户获取和订单增长 [5] 战略调整影响 - 2024年底退出德国市场 预计导致2025年一季度收入减少100个基点 成为短期收入逆风 [6] 盈利预测模型 - Zacks模型显示公司具备盈利超预期条件 当前盈利ESP为+7 88% Zacks评级为3级(持有) [7] 其他可关注公司 - 阿里巴巴(BABA)盈利ESP达+41 69% Zacks评级2级(买入) 四季度每股收益预期1 48美元 同比增5 71% [8][9] - Carvana(CVNA)盈利ESP+19 45% Zacks评级2级 一季度每股收益预期0 73美元 同比暴涨278 05% [10] - On Holding(ONON)盈利ESP+12 50% Zacks评级2级 一季度每股收益预期0 24美元 同比降36 84% [10]

Olivier Le Moal The following segment was excerpted from The Optimist Fund Q1 2025 Quarterly Letter. Top Contributors ThredUp (TDUP) As highlighted in our Q4 letter, ThredUp preannounced strong results in January, pointing to a meaningful acceleration in both revenue growth ...