Vmbook Online ordering
Icons
**Company Information:**
**Name:** Carvana Co.
**Ticker Symbol:** CVNA
**Exchange:** New York Stock Exchange (NYSE)
**Business Overview:**
Carvana is an online used car retailer that offers a fully digital car-buying experience. Customers can browse, finance, and purchase vehicles entirely online and have them delivered to their doorstep or picked up at a Carvana vending machine.
**Financial Performance:**
* **Revenue:** $12.8 billion in 2022, a 15% increase from 2021
* **Net Income:** $49 million in 2022, compared to a loss of $1.1 billion in 2021
* **Earnings Per Share (EPS):** $0.14 in 2022, compared to a loss of $2.64 in 2021
**Growth and Expansion:**
* Carvana has rapidly expanded its operations in recent years, increasing its number of vending machines and delivery hubs.
* The company plans to continue expanding its geographic footprint and investing in technology to enhance the customer experience.
**Industry Outlook:**
The used car market is expected to continue growing in the coming years, driven by factors such as rising new car prices and the increasing popularity of online car buying.
**Key Strengths:**
* Fully digital car-buying experience
* Extensive inventory of used vehicles
* Convenient delivery and pickup options
* Strong brand recognition
**Key Risks:**
* Competition from traditional car dealerships and other online retailers
* Fluctuations in used car prices
* Economic downturns that could impact consumer spending
**Investment Considerations:**
Carvana is a high-growth company with a disruptive business model. However, it is also a relatively young company with a history of losses. Investors should carefully consider the risks and potential rewards before investing in CVNA.