Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$319.12|
|52 Week High||US$179.24|
|52 Week Low||US$376.83|
|1 Month Change||-5.45%|
|3 Month Change||5.77%|
|1 Year Change||46.37%|
|3 Year Change||455.28%|
|5 Year Change||n/a|
|Change since IPO||2,774.96%|
Recent News & Updates
Carvana: Excellent Growth Play
Carvana stock is expected to record a double-digit annual growth rate in the upcoming decade. Management is increasing the count of IRCs at a significant pace. The DCF model indicates a fair current valuation.
We Think Carvana (NYSE:CVNA) Has A Fair Chunk Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Carvana: Don't Be The One Caught Holding This Hot Potato
Shares of Carvana have soared 50% year to date, defying the performance of the broader market. Admittedly, Carvana's growth has been stellar. Carvana saw triple y/y revenue growth in its most recent quarter, though admittedly versus a pandemic comp last year. Over the long term, the pandemic has proven to be a blessing for Carvana, which has eliminated many of its brick-and-mortar used car peers. Still, Carvana isn't substantially profitable, and the company's recent $750 million debt issuance highlights its cash-guzzling nature. Carvana is trading substantially richer than where peer Vroom, which is growing at a slower pace, is trading.
|CVNA||US Specialty Retail||US Market|
Return vs Industry: CVNA underperformed the US Specialty Retail industry which returned 52.5% over the past year.
Return vs Market: CVNA exceeded the US Market which returned 32.8% over the past year.
Stable Share Price: CVNA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CVNA's weekly volatility (4%) has been stable over the past year.
About the Company
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company’s 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. The company was founded in 2012 and is headquartered in Tempe, Arizona.
Carvana Fundamentals Summary
|CVNA fundamental statistics|
Is CVNA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CVNA income statement (TTM)|
|Cost of Revenue||US$7.55b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.47|
|Net Profit Margin||-0.94%|
How did CVNA perform over the long term?See historical performance and comparison
Is Carvana undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: CVNA ($319.12) is trading above our estimate of fair value ($201.15)
Significantly Below Fair Value: CVNA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CVNA is unprofitable, so we can't compare its PE Ratio to the US Specialty Retail industry average.
PE vs Market: CVNA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CVNA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CVNA is overvalued based on its PB Ratio (140.7x) compared to the US Specialty Retail industry average (3.1x).
How is Carvana forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVNA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CVNA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CVNA's is expected to become profitable in the next 3 years.
Revenue vs Market: CVNA's revenue (30% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: CVNA's revenue (30% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVNA is forecast to be unprofitable in 3 years.
How has Carvana performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVNA is currently unprofitable.
Growing Profit Margin: CVNA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CVNA is unprofitable, and losses have increased over the past 5 years at a rate of 17.5% per year.
Accelerating Growth: Unable to compare CVNA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CVNA is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (158.2%).
Return on Equity
High ROE: CVNA has a negative Return on Equity (-27.17%), as it is currently unprofitable.
How is Carvana's financial position?
Financial Position Analysis
Short Term Liabilities: CVNA's short term assets ($3.2B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: CVNA's short term assets ($3.2B) exceed its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: CVNA's debt to equity ratio (326.9%) is considered high.
Reducing Debt: CVNA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CVNA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CVNA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40% each year
What is Carvana current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVNA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVNA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVNA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVNA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVNA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ernie Garcia (38 yo)
Mr. Ernest C. Garcia, III, also known as Ernie, has been Chief Executive Officer and President at Carvana Group, LLC since 2012 and serves as its Chairman. Mr. Garcia Founded Carvana Co. and has been its C...
CEO Compensation Analysis
Compensation vs Market: Ernie's total compensation ($USD2.59M) is below average for companies of similar size in the US market ($USD11.29M).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
Experienced Management: CVNA's management team is seasoned and experienced (6.1 years average tenure).
Experienced Board: CVNA's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carvana Co.'s employee growth, exchange listings and data sources
- Name: Carvana Co.
- Ticker: CVNA
- Exchange: NYSE
- Founded: 2012
- Industry: Automotive Retail
- Sector: Retail
- Implied Market Cap: US$56.950b
- Market Cap: US$26.966b
- Shares outstanding: 177.62m
- Website: https://www.carvana.com
Number of Employees
- Carvana Co.
- 1930 West Rio Salado Parkway
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 23:07|
|End of Day Share Price||2021/09/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.