Carvana is an online-only used car dealership, letting you browse, finance, and get a car delivered to your door like ordering a pizza.
Money comes from selling used cars with a 19.37% gross margin, plus financing and auction fees; net margin is 6.26%, with revenue growing from USD 10.77B to USD 20.32B in two years.
Its nationwide logistics network and reconditioning scale are hard to copy, but traditional dealers like AutoNation and CarMax are expanding online, weakening the edge.
Hold (sector percentile 43) — value D, growth A, profitability B-, momentum B-, revisions D. Updated daily, sector-relative, identical for every user.
Key events, in time order
Josh Kushner's Thrive Capital fully exited its Carvana position in Q2, previously a notable institutional holder
Refinancing high-interest notes at lower rate reduces interest expense and improves debt profile.
CFO to present at JPM conference; Director Maroone buys $1.54M, CEO among notable insider purchases this week
Q2 revenue up 52% on record volume; EBITDA grows but expansion investments pressure margins
Multiple sources confirm earnings date, raising market attention
CalPERS cut 23% while Fifth Third Bancorp raised 3,547.9%, extending the Q1 institutional repositioning line
Record GAAP operating income of $581 million and record adjusted EBITDA of $672 million in Q1, with adjusted EBITDA margin of 10.4%
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