Company name:

Carvana Co

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    April 28, 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

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
84.9% —

Used vehicle sales net

8.0% —

Wholesale vehicle sales including from related parties

7.2% —

Other revenue including from related parties
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Used vehicle sales net
45,679
45,679
 796,915 1,785,045 3,420,601 4,740,595 4,740,595 5,981,544
Wholesale vehicle sales
$45,679
$45,679
 28,514 73,584 267,586 - - -
Wholesale vehicle sales including from related parties
-
-
 - 73,584 267,586 445,236 445,236 745,084
Other revenue
$45,679
$45,679
 33,441 96,838 251,709 - - -
Other revenue including from related parties
-
-
 - 96,838 251,709 400,734 400,734 -
Total Revenue
$45,679
$45,679
 $858,870 $1,955,467 $3,939,896 $5,586,565 $5,586,565 $7,305,624
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of sales
45,679
45,679
 790,779 1,758,758 3,433,482 - - -
Cost of sales including to related parties
-
-
 - 1,758,758 3,433,482 4,792,800 4,792,800 -
Gross profit
45,679
45,679
 $68,091 $196,709 $506,414 $793,765 $793,765 $975,456
Selling general and administrative
45,679
45,679
 223,400 425,258 786,717 - - -
Selling general and administrative expenses including to related parties Selling general and administrative expenses including to related parties
-
-
 - 425,258 786,717 1,126,161 1,126,161 -
Total operating expenses
45,679
45,679
 $1,014,179 $2,184,016 $4,220,199 - - -
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
100.0%
100.0% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 ($155,309) ($228,549) ($280,303) $5,586,565 $5,586,565 $7,305,624
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
-
 - 1,178 3,730 (1,447) (1,447) (26,292)
Other expense net
45,679
45,679
 1,348 1,178 3,730 - - -
Total non-operating income (expense)
45,679
45,679
 1,348 1,178 3,730 (1,447) (1,447) (26,292)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
100.0%
100.0% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 ($153,961) ($227,371) ($276,573) $5,585,118 $5,585,118 $7,279,332
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
 7,659 25,018 80,606 - - -
Interest expense including to related parties
-
-
 - 25,018 80,606 131,528 131,528 -
Income before income taxes
45,679
45,679
 (164,316) (254,745) (364,639) (462,477) (462,477) (618,848)
Income tax expense or benefit
45,679
45,679
 - - - (255) (255) (372)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
8.3%
8.3% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 ($164,316) ($254,745) ($364,639) ($462,222) ($462,222) ($618,476)
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests
45,679
45,679
 (101,475) (199,269) (249,980) (291,082) (291,082) (365,124)
Net income (loss) attributable to Company
45,679
45,679
 (62,841) (55,476) (114,659) (171,140) (171,140) (253,352)
Convertible preferred stock dividends - Class A
45,679
45,679
 (413) (4,206) - - - -
Convertible preferred stock beneficial conversion feature accretion - Class A Convertible preferred stock beneficial conversion feature accretion - Class A
45,679
45,679
 (1,237) (1,380) - - - -
Net income (loss) attributable to Class A common stock Net income (loss) attributable to Class A common stock
45,679
45,679
 (64,491) (61,062) (114,659) (171,140) (171,140) -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
 19,375,721 41,201,324 50,551,092 78,331,472 78,331,472 78,331,472
Class B
-
-
 113,369,748 104,336,303 101,212,613 93,929,471 93,929,471 93,929,471
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share - Class A
$45,678,795.00
$45,678,795.00
 ($1.31) ($2.03) ($2.45) ($2.63) ($2.63) ($3.60)
Net Income per diluted share - Class A
$45,678,795.00
$45,678,795.00
 ($1.31) ($2.03) ($2.45) ($2.63) ($2.63) ($3.60)