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
