Online Used Car Dealer Outpaces the Competitor CarMax
Milestone reached with an annual revenue rate of $20 billion
Capacity to be expanded to 1.5 million vehicles by the end of 2025
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Carvana (CVNA) benefits as a pure online used car dealer from synergy effects and automation. I see rally potential here for 2026. The gross profit per vehicle sold is twice the industry average, as the entire value chain from logistics to reconditioning to financing is controlled. What I particularly like, in addition to the inclusion in the S&P 500 Index, is the fact that there were new records in revenue (+55%) and adjusted EBITDA (+208%) in the last quarter, while the competition reported declining results. According to BofA, Carvana is...
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