From version < 2.1 >
edited by Md. Touhidul Islam
on 2023/12/18 06:44
To version < 2.2 >
edited by Md. Touhidul Islam
on 2023/12/19 04:32
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7 +* Carvana is an e-commerce platform for buying and selling used cars in the United States
8 +* Carvana was founded by Ernest Garcia III, Ryan Keeton and Ben Huston in 2012.
9 +* Carvana Co. operates through three revenue-generating segments: Retail Vehicle Sales, Wholesale Vehicle Sales and Other Revenues.
10 +* In 2022, for the year ended 31 December 2022, Carvana reported an increase in revenue by $790 million compared to the previous year. The total revenue for 2022 amounted to $13,604 million, reflecting a 6% change from the $12,814 million reported in 2021.
11 +* As of September 2023, the return on equity (ROE) and earnings per share (EPS) of Carvana are 230% and $7.05, respectively. The gross margin is 17.38%, the operating margin is 1.77%, and the net margin is 26.72% due to a significant gain from loan extinguishment.
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13 += Brief Company Overview =
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15 +Carvana is an e-commerce platform for buying and selling used cars in the United States. The company offers many used cars, including sedans, trucks, SUVs, and luxury vehicles. Carvana was founded by Ernest Garcia III, Ryan Keeton and Ben Huston in 2012. The company's initial funding round came from the used car retailer and finance company DriveTime. The company is headquartered in Tempe, Arizona. Its platform allows customers to research and identify a vehicle, inspect it using the 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. Carvana Co. operates through three segments: Retail Vehicle Sales, Wholesale Vehicle Sales and Other Revenues. The company serves customers across the United States who are looking to buy or sell used cars.
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17 +In April 2017, the company went public and began trading on the New York Stock Exchange under the symbol CVNA.{{footnote}}https://investors.carvana.com/news-releases/2017/04-28-2017-043036860{{/footnote}}
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