Carvana's CFO points to record year despite stock taking a hit

cars stacked up in a vending machine (Credit: Getty Images)

Good morning. I first talked with Mark Jenkins, CFO of online car dealer Carvana in July about the company’s turnaround strategy of which the final step was a return to profitable growth. On Thursday, we had a chat about the company’s Q4 2024 and full-year results. 

In Q4, Carvana earned a record net income of $159 million, a turnaround from a loss of $200 million in Q4 2023, the company reported on Wednesday. (In 2024, Carvana’s stock price was up almost 300%.)