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 an e-commerce platform for buying and selling used cars. On the Company's platform, consumers can research and identify a vehicle, inspect it using its 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. It also provides automated vehicle valuations for buying vehicles from customers with or without a retail purchase, automated financing, vehicle service contracts (VSC), auto insurance, GAP waiver coverage, limited warranty, and other ancillary products. It offers pick-up and delivery options, including pick-up at its vending machines or hubs, and as soon as same day deliveries, depending on the market. The Company's in-house customer advocates are available to answer customer questions that arise throughout the process. |
Financial Overview |
For the nine months ended 30 September 2024, Carvana Co revenues increased 21% to $10.13B. Net income decreased 77% to $131M. Revenues reflect Online Sales - Total increase of 24% to $7.13B, Used vehicle sales, net increase of 24% to $7.13B, Other sales and revenues increase of 38% to $834M. Net income was offset by Loss (Gain) on debt extinguishment increase from $878M (income) to $6M (expense). |
Employees: | 13,700 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $44,930M as of Sep 30, 2024 |
Annual revenue (TTM): | $12,550M as of Sep 30, 2024 |
EBITDA (TTM): | $1,007M as of Sep 30, 2024 |
Net annual income (TTM): | $17.00M as of Sep 30, 2024 |
Free cash flow (TTM): | $534.00M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $4,845M as of Sep 30, 2024 |
Shares outstanding: | 207,629,772 as of Oct 28, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |