Description

Carvana Co.: Enhanced Online Marketplace Growth 

Carvana Co. reported an outstanding performance in the third quarter of 2024, with significant financial achievements that attested both to their operational efficiency and market penetration. The company registered a record net income of $148 million, with the adjusted EBITDA reaching $429 million, corresponding to an adjusted EBITDA margin of 11.7%. These figures represent not only a record for Carvana Co. but also, as noted by CEO Ernie Garcia, mark the most profitable quarter among automotive public retailers ever. The company’s management outlined a robust strategic framework, emphasizing the effective leveraging of their existing infrastructural investments and their reconditioning facilities. They notably highlighted the integration with ADESA sites, which required minimal capital expenditures and substantially shortened lead times for setting up reconditioning capabilities.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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