Added to YB: 2025-08-08
Pitch date: 2025-08-07
CVNA [bearish]
Carvana Co.
-27.74%
current return
Author Info
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Company Info
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.
Market Cap
$43.8B
Pitch Price
$356.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.05
P/E
70.49
EV/Sales
2.60
Sector
Specialty Retail
Category
special_situation
Online Dealership or Consumer Finance Company? - Carvana Co.
CVNA short: Not a used car dealer but a consumer finance company selling auto loans at premium. 80% of cars financed via Carvana, 50% non-prime loans. Tiny car margins (~$500) vs finance gains ($541M from $6.15B loans in 9mo). No moat at $40B+ valuation, unlike brick-and-mortar competitors with service revenue. Trading at 30x P/B.
Read full article (3 min)