Carvana sees sequential decline in retail units sold in Q4

Carvana said: “While the macroeconomic and industry environment continues to be uncertain, looking toward the fourth quarter of 2023, the Company expects the following as long as the environment remains stable: A sequential decline in retail units sold, driven primarily by industry and seasonal patterns; Non-GAAP Total GPU above $5,0001 for the third consecutive quarter; and Positive Adjusted EBITDA1 for the third consecutive quarter. Looking toward 2024, Carvana expects to drive significant Total GPU and Adjusted EBITDA for the second consecutive year.”