Last 7 days
10.5%
Last 30 days
-18.7%
Last 90 days
102.2%
Trailing 12 Months
-94.5%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | -6.3% | 13,604 | 14,520 | 14,614 | 14,066 | 12,814 |
Gross Profit | -20.6% | 1,246 | 1,569 | 1,733 | 1,889 | 1,929 |
S&GA Expenses | 0.4% | 2,736 | 2,724 | 2,614 | 2,363 | 2,033 |
Interest Expenses | 25.3% | 486 | 388 | 283 | 210 | 176 |
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 Cahsflow | 22.7% | -1,836 | -2,375 | -2,666 | -3,350 | -3,151 |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -9.6% | 8,698 | 9,621 | 10,502 | 7,585 | 7,015 |
Current Assets | 2.8% | 4,594 | 4,469 | 5,491 | 5,070 | 4,892 |
Cash Equivalents | 37.3% | 434 | 316 | 1,047 | 247 | 403 |
Inventory | -27.2% | 1,876 | 2,577 | 2,865 | 3,304 | 3,149 |
Goodwill | -100.0% | - | 847 | 847 | 9.00 | 9.00 |
Liabilities | 5.5% | 9,751 | 9,247 | 9,638 | 7,533 | 6,490 |
Current Liabilities | 38.0% | 2,592 | 1,878 | 2,368 | 3,741 | 2,890 |
LT Debt, Current | -57.2% | 1,236 | 2,886 | 2,154 | - | - |
LT Debt, Non Current | -0.6% | 6,574 | 6,616 | 6,605 | 3,286 | 3,208 |
Shareholder's Equity | -484.3% | -1,053 | 274 | 864 | 52.00 | 306 |
Retained Earnings | -63.5% | -2,076 | -1,270 | -987 | -749 | -489 |
Additional Paid-In Capital | 0.9% | 1,558 | 1,544 | 1,526 | 829 | 795 |
Shares Outstanding | - | 106 | - | - | - | - |
Minority Interest | -635.0% | -535 | 100 | 325 | -28.00 | 219 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 24.6% | -1,324 | -1,757 | -1,942 | -2,655 | -2,594 |
Share Based Compensation | 1.5% | 69.00 | 68.00 | 63.00 | 59.00 | 39.00 |
Cashflow From Investing | 9.1% | -2,583 | -2,843 | -2,978 | -760 | -627 |
Cashflow From Financing | -16.6% | 3,899 | 4,673 | 5,807 | 3,542 | 3,528 |
98.8%
76.2%
68.8%
Y-axis is the maximum loss one would have experienced if Carvana was unfortunately bought at previous high price.
-17.1%
-45.7%
FIve years rolling returns for Carvana.
Datesorted ascending | Fund Name | Type | % 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 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 | - - | - - | - - | - - | - - |
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 |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 |
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 parties | 12,358,000,000 | 10,885,000,000 | 4,793,000,000 | ||
Gross profit | 1,246,000,000 | 1,929,000,000 | 794,000,000 | ||
Selling, general and administrative expenses, including $33, $27, and $19, respectively, to related parties | 2,736,000,000 | 2,033,000,000 | 1,126,000,000 | ||
Goodwill impairment | 847,000,000 | 0 | 0 | ||
Interest expense, including $0, $0, and $1, respectively, to related parties | 486,000,000 | 176,000,000 | 131,000,000 | ||
Other expense (income), net | 70,000,000 | 6,000,000 | (1,000,000) | ||
Net loss before income taxes | (2,893,000,000) | (286,000,000) | (462,000,000) | ||
Income tax provision | 1,000,000 | 1,000,000 | 0 | ||
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] | 100,828 | 82,805 | 64,981 | |
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] | 100,828 | 82,805 | 64,981 | |
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 revenues | 2,609,000,000 | 1,920,000,000 | 445,000,000 | ||
Other sales and revenues | |||||
Sales and operating revenues: | |||||
Net sales and operating revenues | $ 741,000,000 | $ 1,043,000,000 | $ 401,000,000 | ||
|
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 434 | $ 403 |
Restricted cash | 194 | 233 |
Accounts receivable, net | 253 | 206 |
Finance receivables held for sale, net | 1,334 | 356 |
Vehicle inventory | 1,876 | 3,149 |
Beneficial interests in securitizations | 321 | 382 |
Other current assets, including $6 and $12, respectively, due from related parties | 182 | 163 |
Total current assets | 4,594 | 4,892 |
Property and equipment, net | 3,244 | 1,560 |
Operating lease right-of-use assets, including $14 and $17, respectively, from leases with related parties | 536 | 369 |
Intangible assets, net | 70 | 4 |
Goodwill, end of year | 0 | 9 |
Other assets, including $1 and $7, respectively, due from related parties | 254 | 181 |
Total assets | 8,698 | 7,015 |
Current liabilities: | ||
Accounts payable and accrued liabilities, including $16 and $27, respectively, due to related parties | 777 | 656 |
Short-term revolving facilities | 1,534 | 2,053 |
Current portion of long-term debt | 201 | 152 |
Other current liabilities, including $4 and $3, respectively, from leases with related parties | 80 | 29 |
Total current liabilities | 2,592 | 2,890 |
Long-term debt, excluding current portion | 6,574 | 3,208 |
Operating lease liabilities, excluding current portion, including $9 and $13, respectively, from leases with related parties | 507 | 361 |
Other liabilities | 78 | 31 |
Total liabilities | 9,751 | 6,490 |
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 2021 | 0 | 0 |
Additional paid in capital | 1,558 | 795 |
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) | 8,698 | 7,015 |
Class A | ||
Stockholders' equity (deficit): | ||
Common stock | 0 | 0 |
Class B | ||
Stockholders' equity (deficit): | ||
Common stock | $ 0 | $ 0 |