Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Mex$1,243, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 9x in the Specialty Retail industry in South America. Total returns to shareholders of 786% over the past three years. Recent Insider Transactions • Aug 05
Lead Independent Director recently bought Mex$27m worth of stock On the 31st of July, Michael Maroone bought around 125k shares on-market at roughly Mex$214 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$506m more in shares than they bought in the last 12 months. New Risk • Jul 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks High level of debt (41% net debt to equity). Significant insider selling over the past 3 months (Mex$38m sold). Announcement • Jul 28
Carvana Expands Same-Day Vehicle Delivery Service to Fort Myers Carvana announced the expansion of same-day vehicle delivery for customers in the greater Fort Myers area. Select local customers can now receive their vehicle as soon as the same day they place an order on Carvana.com. With this launch, Fort Myers customers interested in selling their vehicles to Carvana can also schedule pickup or drop-off as soon as the same day after completing Carvana's online vehicle appraisal process. Carvana’s intuitive e-commerce platform allows customers to shop from tens of thousands of high-quality vehicles, secure financing, trade in a vehicle, and complete a purchase entirely online. This offering is made possible with the support of Carvana’s first-party logistics network and regional Inspection and Reconditioning Centers (IRCs). In June, Carvana brought IRC capabilities to its existing ADESA Sarasota wholesale auction facility. This facility now provides Fort Myers-area customers with access to vehicles that can be delivered as soon as the same day. Initially launched in Arizona, Carvana’s same-day delivery service is currently available in select markets across more than 20 states. Announcement • Jul 07
Carvana Expands Same-Day Vehicle Delivery to Milwaukee Carvana announced the expansion of same-day vehicle delivery for customers in the greater Milwaukee area. Select local customers can now receive their vehicle as soon as the same day they place an order. With this launch, Milwaukee customers interested in selling their vehicles to Carvana can also take advantage of as soon as same-day pickup and drop-off after completing Carvana’s online vehicle appraisal process. Carvana’s intuitive e-commerce platform allows customers to shop from tens of thousands of high-quality vehicles, secure financing, trade in a vehicle, and complete a purchase entirely online. This offering is made possible with the support of Carvana’s first-party logistics network and regional Inspection and Reconditioning Centers. In May, Carvana brought Inspection and Reconditioning Center capabilities to its existing ADESA Chicago wholesale auction facility. This facility now provides Milwaukee buyers with access to vehicles that can be delivered as soon as the same day. Initially launched in Arizona, Carvana’s same-day delivery service is currently available in select markets across more than 20 states. Announcement • Jul 01
Carvana Co. to Report Q2, 2026 Results on Jul 29, 2026 Carvana Co. announced that they will report Q2, 2026 results After-Market on Jul 29, 2026 Announcement • Jun 25
Carvana Co. Brings Inspection and Reconditioning Center Capabilities to Adesa Sarasota Carvana Co. announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Sarasota wholesale auction site. The integration creates additional reconditioning capacity and a new inventory pool in Carvana Co.'s national network that supports greater selection for retail customers nationwide, faster delivery speeds for Florida Gulf Coast car buyers, and a more robust offering for local wholesale customers. Carvana Co. has already begun hiring local team members to support this move and expects the integration to create about 100 new good-paying, skilled and entry-level jobs in inspection, reconditioning, and vehicle fulfillment over time. Located in Bradenton, Florida, ADESA Sarasota has served wholesale auto auction customers for 20 years. Now the facility will also house the teams and tools that drive Carvana Co. retail reconditioning and fulfillment. The approximately 60-acre site includes over 3,000 parking spaces and offers significant infrastructure to support IRC operations alongside ongoing wholesale auction activities. The integration will establish a new pool of local retail inventory, giving customers access to a broader selection of vehicles with delivery options for nearby customers as soon as the same day. Wholesale buyers will benefit from enhanced on-site inspection and reconditioning capabilities, as well as ongoing access to ADESA's in-lane and digital auction services. Carvana Co.'s proprietary software platform, CARLI, will power the site's transition to an IRC-enabled facility, supporting operational efficiency and consistency across its national reconditioning network. Recent Insider Transactions • May 17
President of Special Projects recently sold Mex$38m worth of stock On the 8th of May, Thomas Taira sold around 28k shares on-market at roughly Mex$1,376 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$1.1b more than they bought in the last 12 months. Announcement • May 08
Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Chicago Carvana announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Chicago wholesale auction site. The integration creates additional reconditioning capacity and a new inventory pool in Carvana’s national network that supports greater selection for retail customers nationwide, faster delivery speeds for Chicago car buyers, and a more robust offering for local wholesale customers. Carvana has already begun hiring local team members and expects the integration to create about 100 new good-paying, skilled, and entry-level jobs in inspection, reconditioning, and vehicle fulfillment over time. These roles require no college degree and come with comprehensive benefits. The announcement builds on Carvana's growing presence in the Chicago market, which also includes Car Vending Machines in Schaumburg and Oak Brook, as well as a multi-year front-of-kit sponsorship with Chicago Fire FC. Carvana is committed to its fast-growing Chicago customer base and continues to roll out new enhancements to the local customer experience, like same-day delivery, which launched last year. Located in Hoffman Estates, Illinois, ADESA Chicago has served wholesale customers since 2016. Now the facility will also house the teams and tools that drive Carvana retail reconditioning and fulfillment. The approximately 75-acre site includes nearly 6,000 parking spaces and offers significant infrastructure to support IRC operations alongside ongoing wholesale auction activities. The integration will establish a new pool of local retail inventory, giving Chicagoland customers access to a broader selection of vehicles with delivery options as soon as the same day. Wholesale buyers will benefit from enhanced on-site inspection and reconditioning capabilities, as well as ongoing access to ADESA's in-lane and digital auction services. Carvana’s proprietary software platform, CARLI, will power the site’s transition to an IRC-enabled facility, supporting operational efficiency and consistency across its national reconditioning network. New Risk • May 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$1.75 (vs US$1.61 in 1Q 2025) First quarter 2026 results: EPS: US$1.75 (up from US$1.61 in 1Q 2025). Revenue: US$6.43b (up 52% from 1Q 2025). Net income: US$250.0m (up 16% from 1Q 2025). Profit margin: 3.9% (down from 5.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has increased by 256% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Carvana Co. to Report Q1, 2026 Results on Apr 29, 2026 Carvana Co. announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Announcement • Mar 14
Carvana Co., Annual General Meeting, May 05, 2026 Carvana Co., Annual General Meeting, May 05, 2026. Announcement • Mar 11
Carvana Expands Same-Day Delivery Service in Los Angeles Carvana had announced the expansion of same-day vehicle delivery for customers in the greater Los Angeles area. Select local customers can now receive their vehicle as soon as the same day they place an order on Carvana.com. With this launch, Los Angeles-area customers interested in selling their vehicles to Carvana can also take advantage of same-day pickup and drop-off after completing Carvana’s online vehicle appraisal process. Carvana’s intuitive e-commerce platform allows customers to shop from tens of thousands of high-quality vehicles, secure financing, trade in a vehicle, and complete a purchase entirely online. Customers can now also opt for same-day pickup at one of Carvana’s two Vending Machines in the area, providing even more flexibility in the car buying or selling experience. Initially launched in Arizona, Carvana’s same-day delivery service is currently available in select markets across more than 20 states. Announcement • Feb 20
Carvana Co. has completed a Follow-on Equity Offering in the amount of $1.225 billion. Carvana Co. has completed a Follow-on Equity Offering in the amount of $1.225 billion.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 4,900,000
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Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 2,256,838
Price\Range: $49.183858
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 3,047,468
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Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 3,778,796
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 1,476,348
Transaction Features: At the Market Offering Reported Earnings • Feb 19
Full year 2025 earnings released: EPS: US$10.22 (vs US$1.72 in FY 2024) Full year 2025 results: EPS: US$10.22 (up from US$1.72 in FY 2024). Revenue: US$20.3b (up 49% from FY 2024). Net income: US$1.41b (up US$1.20b from FY 2024). Profit margin: 6.9% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has increased by 209% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Mex$5,900, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 10x in the Specialty Retail industry in South America. Total returns to shareholders of 2,683% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$5,568 per share. Buy Or Sell Opportunity • Jan 31
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to Mex$7,291. The fair value is estimated to be Mex$5,628, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Announcement • Jan 21
Carvana Co. to Report Q4, 2025 Results on Feb 18, 2026 Carvana Co. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Board Change • Jan 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Carvana Co.(NYSE:CVNA) dropped from Russell Small Cap Comp Growth Index Carvana Co.(NYSE:CVNA) dropped from Russell Small Cap Comp Growth Index Recent Insider Transactions • Nov 30
Co-Founder & Chief Brand Officer recently sold Mex$65m worth of stock On the 25th of November, Ryan Keeton sold around 10k shares on-market at roughly Mex$6,452 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Mex$108m. Ryan has been a net seller over the last 12 months, reducing personal holdings by Mex$507m. Buy Or Sell Opportunity • Nov 26
Now 25% overvalued Over the last 90 days, the stock has fallen 5.9% to Mex$6,275. The fair value is estimated to be Mex$5,003, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Recent Insider Transactions • Nov 07
Co-Founder & Chief Brand Officer recently sold Mex$108m worth of stock On the 31st of October, Ryan Keeton sold around 19k shares on-market at roughly Mex$5,613 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ryan has been a net seller over the last 12 months, reducing personal holdings by Mex$382m. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$1.09 (vs US$0.69 in 3Q 2024) Third quarter 2025 results: EPS: US$1.09 (up from US$0.69 in 3Q 2024). Revenue: US$5.65b (up 55% from 3Q 2024). Net income: US$151.0m (up 78% from 3Q 2024). Profit margin: 2.7% (up from 2.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has increased by 169% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 05
Co-Founder recently sold Mex$36m worth of stock On the 1st of October, Ernest Garcia sold around 5k shares on-market at roughly Mex$7,110 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$231m. Ernest has been a net seller over the last 12 months, reducing personal holdings by Mex$186m. Announcement • Oct 01
Carvana Co. to Report Q3, 2025 Results on Oct 29, 2025 Carvana Co. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Board Change • Sep 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 05
Co-Founder recently sold Mex$54m worth of stock On the 2nd of September, Ernest Garcia sold around 8k shares on-market at roughly Mex$6,852 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$231m. Ernest has been a net seller over the last 12 months, reducing personal holdings by Mex$150m. Announcement • Sep 04
Carvana Expands Same-Day Delivery to Seattle Carvana announced the launch of same-day vehicle delivery in the greater Seattle area. Select local customers can now receive their newly purchased vehicle as soon as the same day they place an order on Carvana.com. Seattle-area customers looking to sell a car can also take advantage of as-soon-as same-day drop-off and pickup options after completing Carvana's online appraisal process. Carvana expands same-day delivery to Seattle, bringing greater convenience and faster deliveries to local residents. Announcement • Aug 14
Carvana Expands Same-Day Delivery to the Greater Chicago Area Carvana announced the expansion of same-day vehicle delivery for customers in the greater Chicago area. Select Chicago-area residents can now receive their vehicle as soon as the same day they place an order on Carvana.com. Carvana expands same-day delivery to Chicago, bringing more convenience and faster deliveries to local residents. With this launch, Chicago-area customers interested in selling their vehicles to Carvana can also take advantage of same-day drop-off options after completing Carvana's online vehicle appraisal and sales process. Carvana's intuitive e-commerce platform allows customers to shop from tens of thousands of high-quality pre-owned vehicles, secure financing, trade in a vehicle, and complete their purchase entirely online. Enabled by Carvana's integrated logistics network and reconditioning operations, eligible customers in the Chicago area can now receive or sell their vehicle in less than 24 hours. Initially launched in Arizona, Carvana's same-day delivery service is currently available in select markets across more than 15 states. The company plans to continue scaling the offering regionally as it expands its national logistics and reconditioning infrastructure. Recent Insider Transactions • Aug 06
VP, General Counsel recently sold Mex$231m worth of stock On the 4th of August, Paul Breaux sold around 33k shares on-market at roughly Mex$7,002 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$1.1b more than they bought in the last 12 months. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: US$1.35 (vs US$0.15 in 2Q 2024) Second quarter 2025 results: EPS: US$1.35 (up from US$0.15 in 2Q 2024). Revenue: US$4.84b (up 42% from 2Q 2024). Net income: US$183.0m (up US$165.0m from 2Q 2024). Profit margin: 3.8% (up from 0.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 01
Now 37% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to Mex$7,225. The fair value is estimated to be Mex$5,261, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Board Change • Jul 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Carvana Co. to Report Q2, 2025 Results on Jul 30, 2025 Carvana Co. announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Recent Insider Transactions • Jun 14
Co-Founder & Chief Brand Officer recently sold Mex$73m worth of stock On the 10th of June, Ryan Keeton sold around 11k shares on-market at roughly Mex$6,489 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Mex$77m. Ryan has been a net seller over the last 12 months, reducing personal holdings by Mex$275m. Recent Insider Transactions • Jun 05
Co-Founder recently sold Mex$47m worth of stock On the 2nd of June, Ernest Garcia sold around 7k shares on-market at roughly Mex$6,289 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$77m. This was Ernest's only on-market trade for the last 12 months. Recent Insider Transactions • May 13
Lead Independent Director recently sold Mex$48m worth of stock On the 9th of May, Michael Maroone sold around 9k shares on-market at roughly Mex$5,328 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$775m more than they bought in the last 12 months. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$1.61 (vs US$0.24 in 1Q 2024) First quarter 2025 results: EPS: US$1.61 (up from US$0.24 in 1Q 2024). Revenue: US$4.23b (up 38% from 1Q 2024). Net income: US$216.0m (up US$188.0m from 1Q 2024). Profit margin: 5.1% (up from 0.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Carvana Announces Auction-IRC ‘Megasite’ Integration in Colorado Springs Carvana Co. announced plans for an auction and reconditioning ‘Megasite’ integration in Colorado Springs. This effort will bring Carvana’s Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Colorado Springs wholesale auction location while maintaining digital and in-lane auction operations on site. The integration will expand Carvana’s overall production capacity and enhance its offerings for both retail and wholesale customers in the area. Located in Fountain, ADESA Colorado Springs has served local wholesale auto auction customers for more than 40 years. Spanning approximately 50 acres and over 4,000 parking spaces, the site provides ample infrastructure to support both Carvana IRC operations and ongoing ADESA wholesale auction services. Carvana has already begun hiring new local team members and expects the integration to create approximately 100 new entry level and skilled jobs over time. Incorporating IRC capabilities at ADESA Colorado Springs increases Carvana’s total reconditioning capacity, which improves selection for all customers. It also establishes an expanded inventory pool in a new metropolitan area, making Carvana’s reconditioning and fulfillment network more efficient and giving local buyers access to more vehicles with faster delivery times. Wholesale customers will continue to enjoy ADESA’s in-lane and online auction functionality and will now benefit from even more robust reconditioning operations on-site. ADESA Colorado Springs’s efficient transition to an auction-IRC Megasite will be enabled by the site’s significant existing footprint and infrastructure as well as by its adoption of Carvana’s proprietary CARLI software, which supports efficiency, scalability, and consistency across its IRC network. Announcement • Apr 16
ADESA Brings Simulcast to Upgraded Digital Platform and Mobile Apps ADESA announced the launch of ADESA Simulcast on its upgraded digital platform and mobile apps. For many years, ADESA Simulcast has given wholesale buyers live, digital access to ADESA's in-lane auctions across the country. With this launch, ADESA's digital platform seamlessly integrates ADESA's two digital auction products alongside a growing range of value-added tools and features within a single, intuitive interface. This launch integrates ADESA's core digital products in one easy-to-use platform accessible from ADESA.com and ADESA's mobile apps. digital auction products on the platform include: ADESA Clear - ADESA's proprietary, timed, online wholesale auction product; and ADESA Simulcast - Live stream digital auction functionality that lets wholesale buyers access and participate in ADESA's in-lane auction online. Both ADESA Simulcast and ADESA Clear auction experiences benefit from pricing powered by data-driven valuation tools, AI-enabled vehicle recommendations, single-click bidding, and an improved vehicle details page. Every vehicle listing also includes an in-depth condition report with inspection information and detailed visual merchandising powered by Carvana technology. ADESA will continue to invest in enhancements to its digital platform that save time and reduce complexity for wholesale customers. Upcoming feature launches will include expanded self-service functionality designed to streamline post-sale processes and other wholesale customer frictions. Announcement • Apr 09
Carvana Co. to Report Q1, 2025 Results on May 07, 2025 Carvana Co. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Buy Or Sell Opportunity • Apr 09
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 8.6% to Mex$4,320. The fair value is estimated to be Mex$3,295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Buy Or Sell Opportunity • Mar 20
Now 23% overvalued Over the last 90 days, the stock has fallen 18% to Mex$3,755. The fair value is estimated to be Mex$3,064, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Announcement • Mar 18
Carvana Co., Annual General Meeting, May 05, 2025 Carvana Co., Annual General Meeting, May 05, 2025. Buy Or Sell Opportunity • Feb 21
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to Mex$4,660. The fair value is estimated to be Mex$6,164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. New Risk • Feb 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Significant insider selling over the past 3 months (Mex$358m sold). Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: US$1.72 (vs US$4.12 in FY 2023) Full year 2024 results: EPS: US$1.72 (down from US$4.12 in FY 2023). Revenue: US$13.7b (up 27% from FY 2023). Net income: US$210.0m (down 53% from FY 2023). Profit margin: 1.5% (down from 4.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
Carvana Co. to Report Q4, 2024 Results on Feb 19, 2025 Carvana Co. announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Recent Insider Transactions • Dec 15
Co-Founder & Chief Brand Officer recently sold Mex$124m worth of stock On the 12th of December, Ryan Keeton sold around 25k shares on-market at roughly Mex$5,002 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$234m. Ryan has been a net seller over the last 12 months, reducing personal holdings by Mex$173m. Buy Or Sell Opportunity • Dec 10
Now 20% undervalued Over the last 90 days, the stock has risen 97% to Mex$4,950. The fair value is estimated to be Mex$6,222, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 48% per annum over the same time period. Board Change • Dec 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 02
Carvana Co. to Report Q3, 2024 Results on Oct 30, 2024 Carvana Co. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Jul 10
Carvana Launches Streamlined Shopping and Checkout Experience for Used Ev Buyers Carvana announced the launch of new features that make shopping for and buying a used electric vehicle (EV) or plug-in hybrid (PHEV) easier and more accessible for its customers. The streamlined process highlights vehicles that qualify for the Clean Vehicle Tax Credit in the search experience and allows eligible customers to apply the up to $4,000 in savings from the credit at checkout. Available now, Carvana's automated system checks vehicle eligibility and applies the Clean Vehicle Tax Credit to the purchase at checkout for eligible customers who elect to transfer their credit to Carvana. Rather than waiting for a lower tax bill next year, customers can now seamlessly access up-front savings of up to $4,000 on the price of the vehicle. These savings also automatically flow through to eligible customers' financing terms. Announcement • Jul 04
Carvana Co. to Report Q2, 2024 Results on Jul 31, 2024 Carvana Co. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Announcement • Apr 04
Carvana Co. to Report Q1, 2024 Results on May 01, 2024 Carvana Co. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Announcement • Mar 27
Carvana Co., Annual General Meeting, May 06, 2024 Carvana Co., Annual General Meeting, May 06, 2024, at 14:30 Pacific Daylight. Agenda: To elect Ernest Garcia III and Ira Platt to company Board of Directors as Class I directors, until the 2027 annual meeting of stockholders and until their successors are duly elected and qualified; to consider the approval, by an advisory vote, of the compensation of company named executive officers as disclosed in the Proxy Statement; to ratify the appointment of Grant Thornton LLP as Carvana's independent registered public accounting firm for the year ending December 31, 2024; and to transact other business as may properly come before the meeting or any adjournment of the meeting. Announcement • Feb 14
Carvana Announces Expansion of Same Day Vehicle Delivery to Philadelphia Area Carvana announced its expansion of same day vehicle delivery to the Philadelphia area. Now select Philadelphia area residents can take delivery of their vehicle within hours of placing an order on Carvana.com. Select customers interested in selling their current vehicles to Carvana can also benefit from same day drop-off at specific locations throughout the state. Carvana’s seamless online platform allows customers to browse through one of the largest online selections of high-quality pre-owned vehicles, purchase the vehicle that fits their lifestyle from the comfort of home, and in select cases, have it delivered to their doorstep in less than 24 hours. This offering is made possible with the support of Carvana’s first-party logistics network and its Inspection and Reconditioning Center just outside Philadelphia. Initially launched in Arizona, Carvana's same day delivery service has rapidly expanded to cities across several states including Ohio, Indiana, North Carolina, Georgia, Texas, Central Florida, Alabama, Oklahoma and now Pennsylvania. Carvana plans to continue expanding same day delivery to more locations across its footprint. This expansion is made possible by Carvana's extensive infrastructure, which includes a nationwide network of inspection and reconditioning centers, an efficient logistics fleet and a streamlined digital purchasing and underwriting process that has significantly simplified and accelerated the online car buying and selling experience. Announcement • Jan 26
Carvana Co. to Report Q4, 2023 Results on Feb 22, 2024 Carvana Co. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Announcement • Jan 17
Carvana Announces Top-Selling Electric Vehicles of 2023 Carvana reveals its top ten best-selling EVs of 2023: Tesla Model 3, Nissan LEAF, Tesla Model Y, BMW i3, Chevrolet Volt, Tesla Model S, Tesla Model X, Ford Mustang MACH-E, Volkswagen e-Golf and Chevrolet Bolt EV. Carvana has become a leader in the used EV space, offering a diverse range of electric vehicles and hybrids that cater to the evolving needs and tastes of car buyers. In 2023, Carvana sold 57 different EV makes and models, up 29% year over year. Among its wide range of EVs in inventory, Carvana sells many models that are eligible for the 2024 Federal Used Clean Vehicle Tax Credit including qualifying top ten EV models listed above. Announcement • Nov 29
Carvana Expands Same Day Delivery Offering to Central Florida Residents Carvana announced its expansion of same day delivery to Central Florida Customers. Now Central Florida residents can receive their vehicle within hours of placing an order on Carvana.com. Select customers interested in selling their current vehicles to Carvana can also benefit from same day drop off at specific locations throughout the state. Carvana's seamless online platform allows select customers to browse through one of the largest selections of high-quality pre-owned vehicles, purchase the vehicle that fits their lifestyle needs, and have it delivered to their doorstep in less than 24 hours. Carvana first launched in Florida in 2016 and began installing its distinctive Car Vending Machines in the area in 2017. Over the past seven years, Carvana's ties with the Sunshine State have continued to grow, with tens of thousands of satisfied customers and a strong infrastructure footprint. Initially launched in Arizona, Carvana's same day delivery service has rapidly expanded to Indiana, North Carolina, Georgia, Dallas-Fort Worth, and now Central Florida. Carvana plans to continue this growth, extending same day delivery to more locations across its nationwide footprint. This rapid expansion is made possible by Carvana's extensive infrastructure, which includes a widespread network of inspection and reconditioning centers, an efficient logistics fleet, and a streamlined digital purchasing and underwriting process that has significantly simplified and accelerated the online car buying experience. Announcement • Oct 06
Carvana Co. to Report Q3, 2023 Results on Nov 02, 2023 Carvana Co. announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Announcement • Aug 24
Carvana Debuts Same Day Vehicle Delivery in Indiana Sharing New Level of Speed and Convenience with Local Shoppers Carvana announced it is the first used auto dealer to provide select customers in Indiana with the speedy and convenient service of online purchasing with same day delivery. Carvana customers already benefit from an accessible, transparent and intuitive online car buying experience, and now local area residents have the opportunity to receive their new ride as soon as the same day they order it. Initially launched in Arizona, Carvana has now brought same day delivery to Indiana, with plans to roll out its new offering in additional markets across its nationwide footprint in the coming months. The capabilities making this possible include Carvana's extensive infrastructure - including a nationwide network of inspection and reconditioning centers and a robust, efficient logistics fleet - combined with its digitally native purchasing and underwriting that has simplified and accelerated important elements of the online car buying process. In addition to buying, selling, or trading in a vehicle, Carvana's integrated online auto retail experience facilitates financing, insurance, warranty, and service. Consumers enthusiastically endorsed its approach and made Carvana the fastest growing used automotive retailer in U.S. history. Carvana's new same day process means that customers can purchase from a wide selection of pre-owned vehicles, get pre-qualified and approved in as little as three minutes all online, and in a matter of hours, Carvana can drop off the new car and take the old one away if selling or trading it in. Announcement • Jul 07
Carvana Co. to Report Q2, 2023 Results on Aug 03, 2023 Carvana Co. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Announcement • Jul 01
The Portnoy Law Firm Files Class Action Lawsuit Against Carvana Co The Portnoy Law Firm advised Carvana Co. investors that a class action filed on behalf of investors. Carvana investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles; as a result, Carvana was issuing unusually frequent temporary plates; as a result of the foregoing, Carvana was violating laws and regulations in many existing markets; as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets; as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action; Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues; Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina; and as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Announcement • Jun 25
Carvana Co.(NYSE:CVNA) dropped from Russell 1000 Dynamic Index Carvana Co.(NYSE:CVNA) dropped from Russell 1000 Dynamic Index Announcement • Jan 27
Carvana Co. to Report Q4, 2022 Results on Feb 23, 2023 Carvana Co. announced that they will report Q4, 2022 results After-Market on Feb 23, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
Second quarter 2022 earnings released: US$2.35 loss per share (vs US$0.27 profit in 2Q 2021) Second quarter 2022 results: US$2.35 loss per share (down from US$0.27 profit in 2Q 2021). Revenue: US$3.88b (up 16% from 2Q 2021). Net loss: US$238.0m (down US$260.0m from profit in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 16% growth forecast for the industry in Mexico. Recent Insider Transactions • Jun 04
VP, General Counsel & Secretary recently bought Mex$7.7m worth of stock On the 2nd of June, Paul Breaux bought around 15k shares on-market at roughly Mex$513 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$5.5b. Insiders have collectively bought Mex$8.8b more in shares than they have sold in the last 12 months. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 20
Independent Director recently bought Mex$15m worth of stock On the 17th of May, James Danforth Quayle bought around 19k shares on-market at roughly Mex$782 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$5.5b. Insiders have collectively bought Mex$8.8b more in shares than they have sold in the last 12 months. Reported Earnings • May 13
First quarter 2022 earnings released: US$2.89 loss per share (vs US$0.46 loss in 1Q 2021) First quarter 2022 results: US$2.89 loss per share (down from US$0.46 loss in 1Q 2021). Revenue: US$3.50b (up 56% from 1Q 2021). Net loss: US$260.0m (loss widened US$224.0m from 1Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 24% growth forecast for the industry in Mexico. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Neha Parikh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 28
Insider recently bought Mex$5.5b worth of stock On the 26th of April, Ernest Garcia bought around 3m shares on-market at roughly Mex$1,629 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$8.3b more in shares than they have sold in the last 12 months. Breakeven Date Change • Apr 27
No longer forecast to breakeven The 24 analysts covering Carvana no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$487.5k in 2024. New consensus forecast suggests the company will make a loss of US$345.0m in 2024. Breakeven Date Change • Apr 22
No longer forecast to breakeven The 24 analysts covering Carvana no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$487.5k in 2024. New consensus forecast suggests the company will make a loss of US$345.0m in 2024. Reported Earnings • Apr 21
First quarter 2022 earnings released: US$2.89 loss per share (vs US$0.46 loss in 1Q 2021) First quarter 2022 results: US$2.89 loss per share (down from US$0.46 loss in 1Q 2021). Revenue: US$3.50b (up 56% from 1Q 2021). Net loss: US$260.0m (loss widened US$224.0m from 1Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 20% growth forecast for the industry in Mexico. Buying Opportunity • Apr 13
Now 47% undervalued after recent price drop Over the last 90 days, the stock is down 64%. The fair value is estimated to be Mex$3,806, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 45% per annum over the same time period. Breakeven Date Change • Feb 26
Forecast breakeven date pushed back to 2024 The 24 analysts covering Carvana previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$916.1m in 2024. Average annual earnings growth of 39% is required to achieve expected profit on schedule. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$1.63 loss per share (up from US$2.63 loss in FY 2020). Revenue: US$12.8b (up 129% from FY 2020). Net loss: US$135.0m (loss narrowed 21% from FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 27%, compared to a 18% growth forecast for the retail industry in Mexico. Reported Earnings • Nov 06
Third quarter 2021 earnings released: US$0.39 loss per share (vs US$0.10 loss in 3Q 2020) The company reported a decent third quarter result with improved revenues, although losses increased and control over costs was weaker. Third quarter 2021 results: Revenue: US$3.48b (up 125% from 3Q 2020). Net loss: US$32.0m (loss widened 352% from 3Q 2020). 
