Sector: Consumer Cyclicals | Industry: Auto Vehicles, Parts & Service Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 300 E. Rio Salado Parkway TEMPE AZ 85281 |
Tel: | N/A |
Website: | https://www.carvana.com |
IR: | See website |
Key People | ||
Ernest Garcia Chairman of the Board, President, Chief Executive Officer | Mark Jenkins Chief Financial Officer | Tom Taira President - Special Projects |
Benjamin Huston Chief Operating Officer | Paul Breaux Vice President, General Counsel, Secretary | Daniel Gill Chief Product Officer | Ryan S. Keeton Chief Brand Officer |
Business Overview |
Carvana Co. is a holding company. The Company operates as an e-commerce platform for buying and selling used cars. Through the Company's platform, consumers can research and identify a vehicle, inspect it using its patented 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle, and schedule delivery or pick-up, all from their desktop or mobile devices. Alternatively, a customer can obtain an offer online for their vehicle by answering a few questions without needing to provide photos or service records. The Company's transaction technologies and online platform allows its customers to secure financing, complete a purchase or sale, and schedule delivery or pick-up online. |
Financial Overview |
For the fiscal year ended 31 December 2023, Carvana Co revenues decreased 21% to $10.77B. Net income totaled $450M vs. loss of $1.59B. Revenues reflect Online Sales - Total decrease of 27% to $7.51B, Used vehicle sales, net decrease of 27% to $7.51B, Wholesale vehicle sales decrease of 4% to $2.5B. Net Income reflects Goodwill impairment decrease from $847M (expense) to $0K, Advertising decrease of 53% to $228M (expense). |
Employees: | 13,700 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $23,977M as of Dec 31, 2023 |
Annual revenue (TTM): | $10,771M as of Dec 31, 2023 |
EBITDA (TTM): | $289.00M as of Dec 31, 2023 |
Net annual income (TTM): | $450.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $716.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $5,743M as of Dec 31, 2023 |
Shares outstanding: | 202,157,573 as of Mar 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |