Shorttarit olleet pulassa viime aikoina…
Ytd +700% 
6 Likes
Carvana aikaistaa tulosjulkistusta tälle päivälle. Voisi kuvitella että osakeanti on nyt tulossa. Käsittääkseni sitä ei saa tehdä jos ollaan tuloksenjulkistukseen suhteen hiljaisella jaksolla. Katsotaan tuleeko tuosta jo tänään ilmoitusta vai halutaanko nyt vaan avata mahdollisuus tehdä kun paras hetki. Shorttipuristus on nyt huimaa ja kassan turvaaminen annin kautta olisi kyllä tod näk aika vahva lisä 
, tällöin poistetaan shorttaajilta ehkä päänarratiivi siitä että Carvana menee nurin.
Yksi asia lienee varma, kurssiheilahtelut tulee jatkumaan villeinä 
2 Likes
The Carvana thread has apparently been quiet for a year. The company’s performance has been anything but, showing improvement quarter by quarter. Yesterday the Q2 results were released:
Q2 2024 Highlights
In Q2 2024, Carvana sold 101,440 retail units (+33% YoY) for total revenue of $3.41 billion (+15% YoY) while reaching new profitability milestones, including:
● Net Income of $48 million2 and Net Income margin of 1.4%
● Record Adjusted EBITDA of $355 million
● Record Adjusted EBITDA margin of 10.4%, a new best for public automotive retailers
● Record GAAP Operating Income of $259 million
Outlook
Looking forward, Carvana expects the following as long as the environment remains stable:
● A sequential increase in retail units in Q3 compared to Q2, and
● Adjusted EBITDA of $1.0 to $1.2 billion for the full year 2024, an increase from $339 million last year.
2 Likes
Turned around nicely indeed. Congratulations @LakeBoodom! You even added near the bottom!
3 Likes
Hats off to @LakeBoodom for this success. Both the results and sentiment have risen wonderfully from the ashes for this name. 
For Carvana, the very high gross profit of $7,049 per car sold catches my eye. Of course, the entire income statement differs from traditional car dealerships, as salespeople aren’t paid direct commissions on sold cars, but other players are surely drooling for something similar.
4 Likes
Thanks @viljo and @Thomas_Westerholm.
I bought Carvana even before the start of COVID in 2020. Then I added during the COVID dip. Then a wild rise until it came down 99% 
These shares are still along for the ride. I bought more last year at around 10 USD when there were signs that operations could turn around and, above all, the bankruptcy risk began to decrease. I have been selling the most recent purchase into the rally, so the returns could have been even better.
Carvana’s advantage now is that it’s hard to see anyone else daring to challenge them with the same concept. It requires such massive investments, running losses for years, and a strong belief in the business model that it’s hard to see that happening. Once Carvana manages to grow its sales volumes, they could have a very profitable flywheel in place. The infrastructure created for car reconditioning and logistics is constantly creating better economies of scale. On top of this comes all sorts of optionality—meaning what else could be operated through this logistics machinery. One thing analysts have asked management many times is whether a new car seller might use Carvana’s machinery as their own distribution channel.
3 Likes
Posting yesterday’s earnings report here since @LakeBoodom hasn’t had the chance to post it yet
3 Likes
Hindenburg sank its teeth into Carvana;
https://x.com/HindenburgRes/status/1874833529957466607?t=1lZn7L2OAmYiMxBXlYybrg&s=19
8 Likes
Q4
2024 https://investors.carvana.com/~/media/Files/C/Carvana-IR/documents/cvna-earning-release-q4-2024.pdf
2 Likes
Carvana reportedly achieved record results in the early part of the year across several metrics, including net income and operating income. The company’s profitability clearly improved, and sales volumes also rose to record levels.
CEO Ernie Garcia emphasized the improvement in customer experience and the strengthening of the company’s market position. Carvana also achieved its highest customer satisfaction score in three years, supporting its growth strategy.
For the second quarter, the company again anticipates growth in both sales and adjusted EBITDA.
For this year, Carvana expects significant expansion, greater efficiency, and even better customer service.
https://x.com/earnings_guy/status/1920208988198592870
Company Materials
2 Likes
Good performance again from Ernie and co 
Ernie also gave a new 5-10 year target to sell 3 million cars, and even after that, growth opportunities won’t run out as 40 million used cars are sold annually in the United States.
For all Carvana bears or bulls, I recommend listening to this podcast. It’s an excellent deep dive into Carvana’s business, which is significantly more complex than one might superficially think:
1 Like
I tried to find more information about Root, but an interesting detail emerged from Carvana’s results, which largely came from Root warrants.
Does this mean that Carvana sells Root insurance on the side and knows more about Root’s growth than the market, allowing them to generate additional profit?
3 Likes
Cramer says he likes Carvana at least for the long term 
, because he believes in the company’s business model.
He has advised investors to start with a small position and buy more during a potential dip. The article also states how Carvana has grown strongly and its latest quarter exceeded expectations.
Jim believes the company will continue to grow its market share and also improve profitability, but considers the company specifically an interesting long-term investment.
https://www.cnbc.com/2025/07/08/jim-cramer-explains-why-he-likes-carvana-for-the-long-haul.html
1 Like
For Carvana, car sales are a secondary business, and those loans and insurances are the real deal. In principle, these are not their own instruments, but rather their brokerage. The trick is that they are brokered to non-banks. This follows the US megatrend where all private financial institutions are now pseudo-banks. Apollo and similar are just bigger examples of these.
I don’t know if Carvana is exposed to some political risk, with these less regulated loan markets being the cornerstone of their business.
1 Like
Today was earnings day
https://investors.carvana.com/~/media/Files/C/Carvana-IR/documents/q2-2025-earnings-release.pdf
https://x.com/AlphaSenseInc/status/1950649618351505587?t=v0E0hJut_7pL7wXAw6l22g&s=19
https://x.com/TheTranscript_/status/1950654481999573129?t=CRNRSvwdqLqCRwOHAIc9vw&s=19
After-hours trading is touching $400, so possibly ATH (All-Time High) figures tomorrow.
4 Likes
The market liked the earnings report, and no wonder, over 40% growth is an incredible pace in a mature industry.
Here are a few highlights from the conference call with screenshots:
Still only 1% of the entire market:
Market share is being gained brilliantly:
Ernie hints that the 40% growth rate would continue
A good day for Carvana owners, these were the sentiments last spring in @Sijoittaja-alokas’s interview 
7 Likes
Carvana and share buybacks + a little something else. 
https://x.com/ConsensusGurus/status/1969036177480048996
Here is the full tweet quoted in the tweet above:
Carvana delivered a satisfactory result; sales, revenue, and profitability clearly increased, but not all expectations were met.
The company sold over 150,000 cars, and revenue grew by more than half from a year ago. Profitability improved strongly, and the company also achieved an annual run rate of over 20 billion.
According to CEO Ernie Garcia, Carvana’s vertical operating model is truly starting to show in the results. He emphasized that the company stands out in speed, selection, and customer experience – there is still a lot of potential for growth.
The market expected more from this result, even though there was good growth compared to before. 
https://x.com/earnings_guy/status/1983626673686741492
Company’s own materials
1 Like
To the square (with Ernie)!
Carvana as part of the S&P 500 index. The stock price simultaneously reaches a new all-time high.
4 Likes
Carvana is expanding into robotaxi management. The physical infrastructure built by Carvana is creating great opportunities. From a used car flipper, the management of autonomous vehicles in the future is now part of the story. Time will tell how valuable this could become. Morgan Stanley wrote a report on this optionality and raised the price target to $700.
1 Like