Carvana Co (Carvana Co) EBIT : $807 Mil (TTM As of Dec. 2023)

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What is Carvana Co EBIT?

Carvana Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $807 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carvana Co's annualized ROC % for the quarter that ended in Dec. 2023 was -2.51%. Carvana Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carvana Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.16%.

Carvana Co EBIT Historical Data

The historical data trend for Carvana Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carvana Co EBIT Chart

Carvana Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-284.00

-331.00

-110.00

-2,407.00

807.00

Carvana Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-1,288.00	-129.00	50.00	923.00	-37.00

Competitive Comparison of Carvana Co's EBIT

For the Auto & Truck Dealerships subindustry, Carvana Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carvana Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Carvana Co's EV-to-EBIT falls into.

Carvana Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $807 Mil.

Carvana Co (NYSE:CVNA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Carvana Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-148 * ( 1 - 0.99% )	/	( (5955	+	5707)	/ 2 )
=	-146.5348	/	5831
=	-2.51 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7025	-	526	-	( 544	-	max(0, 1395	-	3186	+	544	))
=	5955

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7071	-	468	-	( 896	-	max(0, 1536	-	3321	+	896	))
=	5707

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Carvana Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-148	/	( ( (3524 + max(1879, 0))	+	(3437 + max(1746, 0)) )	/	2 )
=	-148	/	( ( 5403	+	5183 )	/	2 )
=	-148	/	5293
=	-2.80 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(318	+	1085	+	1239)	-	(526	+	31	+	206)
=	1879

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(266	+	1150	+	1009)	-	(468	+	30	+	181)
=	1746

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Carvana Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	807	/	15635.327
	=	5.16 %

Carvana Co EBIT Related Terms

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Carvana Co (Carvana Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carvana Co (NYSE:CVNA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CVNA:Mexico CV0:Germany CV0:Germany CV0:Germany

Address

300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281

Website

https://www.carvana.com

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.

Executives

Paul W. Breaux	officer: See Remarks	300 E RIO SALADO PKWY, TEMPE AZ 85281
Ecg Ii Spe, Llc	10 percent owner	1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE AZ 85281
Thomas Taira	officer: President, Special Projects	300 E RIO SALADO PKWY, TEMPE AZ 85281
Daniel J. Gill	officer: Chief Product Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Gregory B Sullivan	director	1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Ira J. Platt	director	65 STURGES HWY, WESTPORT CT 06880
Michael E Maroone	director	909 POINCIANA DRIVE, FORT LAUDERDALE FL 33301
Garcia Ernest C Ii	10 percent owner	100 CRESCENT COURT, SUITE 1100, DALLAS TX 75201
Ryan S. Keeton	officer: Chief Brand Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
J Danforth Quayle	director	1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Garcia Ernest C. Iii	director, 10 percent owner, officer: Chief Executive Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Benjamin E. Huston	officer: Chief Operating Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Mark W. Jenkins	officer: Chief Financial Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Stephen R Palmer	officer: Vice President of Accounting	1930 W RIO SALADO PKWY, TEMPE AZ 85281
Neha Parikh	director	1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281