Carvana Historical Income Statement
| CVNA Stock | USD 71.15 1.99 2.88% |
Historical analysis of Carvana income statement accounts such as Interest Expense of 663.6 M, Selling General Administrative of 812.9 M or Selling And Marketing Expenses of 208.6 M can show how well Carvana Co performed in making a profits. Evaluating Carvana income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Carvana's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Carvana latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Carvana is a good buy for the upcoming year.
Carvana |
About Carvana Income Statement Analysis
Carvana Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Carvana shareholders. The income statement also shows Carvana investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Carvana Income Statement Chart
Carvana Co Income Statement is one of the three primary financial statements used for reporting Carvana's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Carvana revenue and expense. Carvana Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Carvana's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 663.6 M, whereas Selling General Administrative is forecasted to decline to about 812.9 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Carvana generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Carvana. It is also known as Carvana overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Carvana's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Carvana current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At present, Carvana's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 663.6 M, whereas Selling General Administrative is forecasted to decline to about 812.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 176M | 486M | 632M | 663.6M | Depreciation And Amortization | 105M | 261M | 352M | 369.6M |
Carvana income statement Correlations
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Carvana Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carvana income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 41.3M | 73.8M | 105M | 261M | 352M | 369.6M | |
| Interest Expense | 80.6M | 131.5M | 176M | 486M | 632M | 663.6M | |
| Selling General Administrative | 582.7M | 839.7M | 1.6B | 2.2B | 1.6B | 812.9M | |
| Selling And Marketing Expenses | 204.0M | 286.4M | 479M | 490M | 228M | 208.6M | |
| Total Revenue | 3.9B | 5.6B | 12.8B | 13.6B | 10.8B | 5.5B | |
| Gross Profit | 506.4M | 793.8M | 1.9B | 1.2B | 1.7B | 1.8B | |
| Other Operating Expenses | 4.2B | 5.9B | 12.9B | 15.1B | 10.8B | 5.8B | |
| Operating Income | (280.3M) | (330.9M) | (110M) | (1.6B) | (72M) | (75.6M) | |
| Net Income From Continuing Ops | (364.6M) | (462.2M) | (287M) | (2.9B) | 150M | 157.5M | |
| Ebit | (34.1M) | (330.9M) | (110M) | (1.6B) | (71M) | (74.6M) | |
| Ebitda | 7.2M | (257.2M) | (5M) | (1.3B) | 281M | 295.1M | |
| Cost Of Revenue | 3.4B | 4.8B | 10.9B | 12.4B | 9.0B | 4.8B | |
| Total Operating Expenses | 786.7M | 1.1B | 2.0B | 2.7B | 1.8B | 1.0B | |
| Income Before Tax | (364.6M) | (462.5M) | (286M) | (2.9B) | 175M | 183.8M | |
| Total Other Income Expense Net | (84.3M) | (131.5M) | (176M) | (1.3B) | 879M | 923.0M | |
| Net Income Applicable To Common Shares | (114.7M) | (171.1M) | (135M) | (1.6B) | (1.4B) | (1.4B) | |
| Net Income | (114.7M) | (462.2M) | (287M) | (2.9B) | 450M | 472.5M | |
| Income Tax Expense | (193.0M) | (250.0M) | (255K) | 1M | 25M | 26.3M | |
| Net Interest Income | (80.6M) | (131.5M) | (176M) | (486M) | (632M) | (600.4M) | |
| Reconciled Depreciation | 41.3M | 73.8M | 105M | 261M | 352M | 369.6M | |
| Non Operating Income Net Other | (3.7M) | 1.4M | (6M) | (70M) | (63M) | (59.9M) | |
| Minority Interest | (250.0M) | (291.1M) | (152M) | 1.3B | 300M | 315M |
Carvana Investors Sentiment
The influence of Carvana's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carvana. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Carvana's public news can be used to forecast risks associated with an investment in Carvana. The trend in average sentiment can be used to explain how an investor holding Carvana can time the market purely based on public headlines and social activities around Carvana Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carvana's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carvana's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carvana's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carvana.
Carvana Implied Volatility | 100.4 |
Carvana's implied volatility exposes the market's sentiment of Carvana Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carvana's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carvana stock will not fluctuate a lot when Carvana's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Carvana in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Carvana's short interest history, or implied volatility extrapolated from Carvana options trading.
Pair Trading with Carvana
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carvana position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carvana will appreciate offsetting losses from the drop in the long position's value.Moving together with Carvana Stock
| 0.86 | W | Wayfair Sell-off Trend | PairCorr |
| 0.81 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against Carvana Stock
| 0.9 | AAN | Aarons Earnings Call This Week | PairCorr |
| 0.82 | BQ | Boqii Holding Limited | PairCorr |
| 0.76 | BGI | Birks Group | PairCorr |
| 0.73 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.68 | BIG | Big Lots Financial Report 24th of May 2024 | PairCorr |
The ability to find closely correlated positions to Carvana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carvana when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carvana - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carvana Co to buy it.
The correlation of Carvana is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carvana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carvana moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carvana can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Carvana Stock analysis
When running Carvana's price analysis, check to measure Carvana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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Is Carvana's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carvana. If investors know Carvana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carvana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.18) | Revenue Per Share 98.525 | Quarterly Revenue Growth (0.15) | Return On Assets (0.01) | Return On Equity (12.69) |
The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carvana's market value can be influenced by many factors that don't directly affect Carvana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.