Carvana Co. is a holding company. The Company operates an e-commerce platform for buying and selling used cars. The Company primarily acquires used vehicle inventory directly from customers, used car auctions, and wholesale used vehicle suppliers, including retail marketplace partners. Once it acquires a vehicle, the Company leverages its in-house logistics network or a vendor to transport the vehicle to one of its inspection and reconditioning centers (IRC) or auction locations with reconditioning capabilities, at which point the vehicle enters its inventory management system. It offers a mobile-optimized Website, where prospective retail car buyers can immediately begin browsing, researching, filtering, and identifying their vehicle of choice, where it offers an annotated virtual vehicle tour, which includes a 360-degree view of the interior and exterior of the actual vehicle. The Company also offers integrated financing using its loan origination platform.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 88.67% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 20.32B.
Fairly Valued
The company’s latest PE is 31.28, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 746.40M shares, increasing 1.88% quarter-over-quarter.
Held by Steve Mandel
Star Investor Steve Mandel holds 7.56M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 1.58.