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Wednesday, 23 September 2020 17:54

Carvana Expecting Record Performance in Q3

Carvana Co., a leading eCommerce platform for buying and selling used cars, continues to build momentum this quarter on its journey toward becoming the largest and most profitable automotive retailer.

Carvana is proud to announce Sept. 23 it expects to achieve company records in performance across several important metrics in Q3 2020, including retail units sold, total revenue, total gross profit per unit and EBITDA margin.

 

Moreover, the company expects to be approximately EBITDA breakeven this quarter.

 

“The momentum that we saw in the second quarter accelerated into the third, leading to record performance for Carvana in metrics that demonstrate strong progress both in growth and towards profitability,” said Ernie Garcia, Carvana founder and CEO. “Hitting these records while continuing to provide the exceptional customer experiences we’ve become known for and adjusting to all the change that 2020 has brought us speaks to the quality of people we have at Carvana and to their tireless focus on our customers.”

 

Carvana remains focused on its mission to change the way people buy cars and excited to continue delivering unparalleled experiences to customers. This quarter represents significant progress on that mission, and the company looks forward to achieving many more records in the future.

 

Source: Carvana

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