Carvana (CVNA) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Dear Shareholders, The second quarter was another landmark quarter for Carvana. As measured by unit growth and Adjusted EBITDA margin, we were again the fastest growing and most profitable public automotive retailer, this time by a greater margin than in the first quarter. We grew retail units by 33% and achieved record second quarter net income margin of 1.4% and all-time-record Adjusted EBITDA margin of 10.4%. We believe this is not only industry-leading in today's environment, but also the h ...