Carvana unit sales soar in Q4 and FY2020

Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, announced last week financial results for the quarter and year, ended Dec. 31. Carvana’s complete fourth quarter and full year 2020 financial results and management commentary can be found by accessing the company’s shareholder letter on the quarterly results page of the investor relations website.

Fourth-quarter 2020 highlights:

Retail units sold of 72,172, an increase of 43% yoy

Revenue of $1.826 billion, an increase of 65% yoy

Total gross profit of $243.9 million, an increase of 71% yoy

Vehicles purchased directly from Customers up 110% yoy

Full-year 2020 summary:

Retail units sold of 244,111, an increase of 37% yoy

Revenue of $5.587 billion, an increase of 42% yoy

Total gross profit of $793.8 million, an increase of 57% yoy

Vehicles purchased directly from customers up 95% yoy