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Carvana Co Stock Research

CVNA

8.19USD-0.16(-1.92%)Delayed

Market Summary

USD8.19-0.16
Delayed
-1.92%

CVNA Alerts

CVNA Stock Price

CVNA RSI Chart

CVNA Valuation

Market Cap

867.0M

Price/Earnings (Trailing)

-0.55

Price/Sales (Trailing)

0.06

Price/Free Cashflow

-0.47

CVNA Price/Sales (Trailing)

CVNA Profitability

Return on Equity

150.71%

Return on Assets

-18.25%

Free Cashflow Yield

-211.77%

CVNA Fundamentals

CVNA Revenue

Revenue (TTM)

13.6B

Revenue Y/Y

-24.41%

Revenue Q/Q

-16.21%

CVNA Earnings

Earnings (TTM)

-1.6B

Earnings Y/Y

-805.62%

Earnings Q/Q

-184.81%

Price Action

52 Week Range

3.55149.69
(Low)(High)

Last 7 days

10.5%

Last 30 days

-18.7%

Last 90 days

102.2%

Trailing 12 Months

-94.5%

CVNA Financial Health

Current Ratio

1.77

Debt/Equity

5.09

Debt/Cashflow

-0.71

CVNA Investor Care

Shares Dilution (1Y)

24.86%

Diluted EPS (TTM)

-15.74

Financials for Carvana

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-6.3%13,60414,52014,61414,06612,814
Gross Profit-20.6%1,2461,5691,7331,8891,929
  S&GA Expenses0.4%2,7362,7242,6142,3632,033
Interest Expenses25.3%486388283210176
Net Income-20.5%-1,587-1,317-1,066-582-135
Net Income Margin-28.6%-0.12*-0.09*-0.04*-0.03*-0.01*
Free Cahsflow22.7%-1,836-2,375-2,666-3,350-3,151
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-9.6%8,6989,62110,5027,5857,015
  Current Assets2.8%4,5944,4695,4915,0704,892
    Cash Equivalents37.3%4343161,047247403
  Inventory-27.2%1,8762,5772,8653,3043,149
  Goodwill-100.0%-8478479.009.00
Liabilities5.5%9,7519,2479,6387,5336,490
  Current Liabilities38.0%2,5921,8782,3683,7412,890
    LT Debt, Current-57.2%1,2362,8862,154--
    LT Debt, Non Current-0.6%6,5746,6166,6053,2863,208
Shareholder's Equity-484.3%-1,05327486452.00306
  Retained Earnings-63.5%-2,076-1,270-987-749-489
  Additional Paid-In Capital0.9%1,5581,5441,526829795
Shares Outstanding-106----
Minority Interest-635.0%-535100325-28.00219
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations24.6%-1,324-1,757-1,942-2,655-2,594
  Share Based Compensation1.5%69.0068.0063.0059.0039.00
Cashflow From Investing9.1%-2,583-2,843-2,978-760-627
Cashflow From Financing-16.6%3,8994,6735,8073,5423,528

Risks for CVNA

What is the probability of a big loss on CVNA?

98.8%


Probability that Carvana stock will be more than 20% underwater in next one year

76.2%


Probability that Carvana stock will be more than 30% underwater in next one year.

68.8%


Probability that Carvana stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CVNA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Carvana was unfortunately bought at previous high price.

Drawdowns

Returns for CVNA

Cumulative Returns on CVNA

-17.1%


5-Year Cumulative Returns

-45.7%


3-Year Cumulative Returns

What are the long-term rolling returns for CVNA?

FIve years rolling returns for Carvana.

Annualized Returns

Which funds bought or sold CVNA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.05
-167,775
51,225
-%
2023-03-10
BAILLIE GIFFORD & CO
added
0.17
-219,965,000
67,160,000
0.07%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-13.77
-6,000
1,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-8.82
-853
147
-%
2023-02-28
Voya Investment Management LLC
reduced
-0.36
-673,806
204,194
-%
2023-02-22
CVA Family Office, LLC
sold off
-100
-
-
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-951,000
290,000
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
944
38,592
66,592
-%
2023-02-16
MAVERICK CAPITAL LTD
sold off
-100
-14,935,000
-
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
new
-
616
616
-%

1–10 of 36

Latest Funds Activity

Are funds buying CVNA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CVNA
No. of Funds

Carvana News

The Motley Fool

Carvana Stock: Bear vs. Bull.

The Motley Fool,
4 hours ago

Yahoo Finance

MarketWatch

InvestorPlace

InvestorPlace

InvestorPlace

InvestorsObserver

Investor's Business Daily

Schedule 13G FIlings of Carvana

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
cas investment partners, llc
6.4%
6,827,803
SC 13G
Feb 14, 2023
greenoaks capital partners llc
7.0%
7,370,124
SC 13G
Feb 14, 2023
morgan stanley
12.4%
13,158,815
SC 13G/A
Feb 14, 2023
spruce house investment management llc
9.4%
1e+07
SC 13G/A
Feb 14, 2023
luxor capital group, lp
1%
10,001
SC 13G/A
Feb 14, 2023
tiger global management llc
0.0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
8.16%
8,641,209
SC 13G/A
Feb 08, 2023
garcia ernest c. iii
22.56%
30,118,272
SC 13G
Feb 07, 2023
goldman sachs group inc
8.3%
8,811,938
SC 13G
Feb 07, 2023
cvan holdings llc
8.06%
9,221,376
SC 13G/A

CVNA Fair Value

Carvana fair value in different scenarios

The table shows the Fair Value estimates for Carvana for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

17.24

110.50%

43.07

425.89%

127.86

1461.17%

274.30

3249.21%

565.42

6803.79%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Carvana Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Carvana

View All Filings
Date Filed Form Type Document
Mar 22, 2023
8-K
Current Report
Mar 21, 2023
ARS
ARS
Mar 21, 2023
DEF 14A
DEF 14A
Mar 21, 2023
DEFA14A
DEFA14A
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for CVNA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
KEETON RYAN S.
sold (taxes)
-668
8.91
-75.00
chief brand officer
2023-03-01
GARCIA ERNEST C. III
sold (taxes)
-1,389
8.91
-156
chief executive officer
2023-03-01
HUSTON BENJAMIN E.
sold (taxes)
-1,238
8.91
-139
chief operating officer
2023-03-01
BREAUX PAUL W.
sold (taxes)
-953
8.91
-107
see remarks
2023-03-01
Taira Thomas
sold (taxes)
-623
8.91
-70.00
president, special projects
2023-03-01
JENKINS MARK W.
sold (taxes)
-1,238
8.91
-139
chief financial officer
2023-03-01
Palmer Stephen R
sold (taxes)
-623
8.91
-70.00
vice president of accounting
2023-03-01
GILL DANIEL J.
sold (taxes)
-1,095
8.91
-123
chief product officer
2023-02-22
HUSTON BENJAMIN E.
acquired
-
-
98,736
chief operating officer
2023-02-22
GILL DANIEL J.
acquired
-
-
88,292
chief product officer

1–10 of 50

About Carvana

Ernie Garcia
21000
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.

CVNA Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Sales and operating revenues:   
Net sales and operating revenues$ 13,604,000,000$ 12,814,000,000$ 5,587,000,000
Cost of sales, including $22, $65, and $4, respectively, to related parties12,358,000,00010,885,000,0004,793,000,000
Gross profit1,246,000,0001,929,000,000794,000,000
Selling, general and administrative expenses, including $33, $27, and $19, respectively, to related parties2,736,000,0002,033,000,0001,126,000,000
Goodwill impairment847,000,00000
Interest expense, including $0, $0, and $1, respectively, to related parties486,000,000176,000,000131,000,000
Other expense (income), net70,000,0006,000,000(1,000,000)
Net loss before income taxes(2,893,000,000)(286,000,000)(462,000,000)
Income tax provision1,000,0001,000,0000
Net loss(2,894,000,000)(287,000,000)(462,000,000)
Net loss attributable to non-controlling interests(1,307,000,000)(152,000,000)(291,000,000)
Net loss attributable to Carvana Co.(1,587,000,000)(135,000,000)(171,000,000)
Net loss attributable to Class A common stockholders, basic(1,587,000,000)(135,000,000)(171,000,000)
Net loss attributable to Class A common stockholders, diluted$ (1,587,000,000)$ (135,000,000)$ (171,000,000)
Net loss per share of Class A common stock, diluted (in dollars per share)$ (15.74)$ (1.63)$ (2.63)
Weighted-average shares of Class A common stock, diluted (in shares)[1]100,82882,80564,981
Class A   
Sales and operating revenues:   
Net loss per share of Class A common stock, basic (in dollars per share)$ (15.74)$ (1.63)$ (2.63)
Weighted-average shares of Class A common stock, basic (in shares)[1]100,82882,80564,981
Retail vehicle sales, net   
Sales and operating revenues:   
Net sales and operating revenues$ 10,254,000,000$ 9,851,000,000$ 4,741,000,000
Wholesale sales and revenues   
Sales and operating revenues:   
Net sales and operating revenues2,609,000,0001,920,000,000445,000,000
Other sales and revenues   
Sales and operating revenues:   
Net sales and operating revenues$ 741,000,000$ 1,043,000,000$ 401,000,000
[1]Weighted-average shares of Class A common stock outstanding have been adjusted for unvested restricted stock awards.

CVNA Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 434$ 403
Restricted cash194233
Accounts receivable, net253206
Finance receivables held for sale, net1,334356
Vehicle inventory1,8763,149
Beneficial interests in securitizations321382
Other current assets, including $6 and $12, respectively, due from related parties182163
Total current assets4,5944,892
Property and equipment, net3,2441,560
Operating lease right-of-use assets, including $14 and $17, respectively, from leases with related parties536369
Intangible assets, net704
Goodwill, end of year09
Other assets, including $1 and $7, respectively, due from related parties254181
Total assets8,6987,015
Current liabilities:  
Accounts payable and accrued liabilities, including $16 and $27, respectively, due to related parties777656
Short-term revolving facilities1,5342,053
Current portion of long-term debt201152
Other current liabilities, including $4 and $3, respectively, from leases with related parties8029
Total current liabilities2,5922,890
Long-term debt, excluding current portion6,5743,208
Operating lease liabilities, excluding current portion, including $9 and $13, respectively, from leases with related parties507361
Other liabilities7831
Total liabilities9,7516,490
Commitments and contingencies (Note 17)
Stockholders' equity (deficit):  
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of December 31, 2022 and 202100
Additional paid in capital1,558795
Accumulated deficit(2,076)(489)
Total stockholders' equity (deficit) attributable to Carvana Co.(518)306
Non-controlling interests(535)219
Total stockholders' equity (deficit)(1,053)525
Total liabilities & stockholders' equity (deficit)8,6987,015
Class A  
Stockholders' equity (deficit):  
Common stock00
Class B  
Stockholders' equity (deficit):  
Common stock$ 0$ 0