Company name:

Carvana Co

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    28 April 2017
  • TICKER:
    CVNA
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    1930 W Rio Salado Parkway Tempe Arizona 85281
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Carvana Co

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Balance Sheet

Quarterly Annual
(USD in thousand)
9.9% 9.1% 34.1% 4.3%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
63.4%
34.1% —

Vehicle inventory

9.9% —

Cash and cash equivalents

9.1% —

Finance receivables held for sale net

4.3% —

Beneficial interests in securitizations

2.6% —

Accounts Receivable

2.4% —

Other short-term assets

0.9% —

Restricted cash and cash equivalents

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
 $172,680 $78,861 $76,016 $300,810
Restricted cash and cash equivalents
$45,679
 14,443 9,848 42,443 28,301
Accounts Receivable
$45,679
 14,105 33,120 39,864 78,563
Finance receivables held for sale net
$45,679
 45,564 105,200 286,969 274,941
Vehicle inventory
$45,679
 227,446 412,243 762,696 1,036,235
Beneficial interests in securitizations
-
 - - 98,780 131,274
Other short-term assets
$45,679
 15,480 23,582 52,654 73,023
Total current assets
$45,679
 $489,718 $662,854 $1,359,422 $1,923,147
30.0% 5.1%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
36.6%
30.0% —

Property and equipment net

5.1% —

Operating lease - right-of-use assets

1.0% —

Other assets non-current

0.3% —

Goodwill

0.2% —

Intangible assets
Selected Year:
Property and equipment net
45,679
 148,681 296,839 543,471 909,166
Operating lease - right-of-use assets
-
 - - 123,420 155,464
Intangible assets
-
 - 8,869 7,232 5,643
Goodwill
-
 - 9,353 9,353 9,353
Other assets non-current
-
 - - 14,850 31,758
Other non-current assets
45,679
 2,738 13,098 14,850 -
Total non-current assets
45,679
 151,419 328,159 698,326 1,111,384
Total assets
45,679
 $641,137 $991,013 $2,057,748 $3,034,531
11.3% 53.3% 4.9% 24.4% 13.6%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
15.4%
11.3% —

Accounts payable and accrued liabilities

2.2% —

Current maturities of long-term debt

1.3% —

Borrowings under Revolving Credit Facility

0.6% —

Other current liabilities
Selected Year:
Accounts payable and accrued liabilities
$45,679
 $50,306 $121,415 $234,443 $342,314
Accounts payable to related party
$45,679
 1,802 - - -
Borrowings under Revolving Credit Facility
-
 - 196,963 568,840 39,820
Floor plan facility
$45,679
 248,792 - - -
Current maturities of long-term debt
$45,679
 5,131 11,133 48,731 65,497
Other current liabilities
-
 - - 12,856 19,506
Total current liabilities
$45,679
 $306,031 $329,511 $864,870 $467,137
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
58.2%
53.3% —

Long-term debt

4.9% —

Operating leases

0.0% —

Other non-current liabilities
Selected Year:
Long-term debt
$45,679
 - 425,349 883,060 1,617,002
Other long-term debt
-
 48,469 - - -
Operating leases
-
 - - 116,071 147,478
Other non-current liabilities
$45,679
 7,093 8,725 1,808 1,411
Total long-term liabilities
$45,679
 $55,562 $434,074 $1,000,939 $1,765,891
Total Liabilities
$45,679
 $361,593 $763,585 $1,865,809 $2,233,028
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
26.4%
24.4% —

Additional paid-in capital

13.6% —

Non-controlling interest

0.0% —

Common stock Class B

0.0% —

Common stock Class A
Selected Year:
Non-controlling interest
$45,679
 $153,808 $147,742 $93,827 $413,903
Class C redeemable preferred units
$45,679
 - - - -
Convertible Preferred Stock Class A
$45,679
 97,127 - - -
Preferred Stock
$45,679
 - - - -
Members Equity
$45,679
 - - - -
Common stock Class A
$45,679
 18 41 51 77
Common stock Class B
$45,679
 115 104 101 96
Accumulated deficit
$45,679
 (12,899) (68,375) (183,034) (354,174)
Additional paid-in capital
$45,679
 41,375 147,916 280,994 741,601
Total members equity attributable to Company
$45,679
 - - - -
Total Equity attributable to Company
-
 125,736 79,686 98,112 387,600
Total Equity
-
 $279,544 $227,428 $191,939 $801,503
Total Liabilities and Equity
$45,679
 $641,137 $991,013 $2,057,748 $3,034,531