Carvana Co. Class A: All You Need to Know Carvana Co. Class A (CVNA-N) is an online used car retailer based in the United States. The company was founded in 2012 and is headquartered in Tempe, Arizona. Carvana sells used cars through its website and mobile app. Customers can browse the company's inventory, get financing, and schedule a delivery or pickup time. Carvana also offers a 7-day return policy and a 100-day warranty. Company Performance Carvana has grown rapidly in recent years. In 2021, the company sold over 425,000 vehicles, up from just over 250,000 vehicles in 2020. The company's revenue has also grown significantly, from $5.5 billion in 2020 to over $11.4 billion in 2021. Carvana has been profitable in recent years. In 2020, the company reported net income of $21 million. In 2021, Carvana's net income increased to over $250 million. The company's stock price has also performed well in recent years. In 2021, Carvana's stock price increased by over 150%. The company's stock price has continued to rise in 2022, and it is currently trading at around $200 per share. Carvana's growth has been driven by several factors, including the company's strong online presence, its convenient and hassle-free buying process, and its competitive prices. The company has also benefited from the growing popularity of online car buying. Carvana faces competition from other online car retailers such as Vroom and Shift. However, Carvana is the largest online car retailer in the United States, and it has a significant first-mover advantage. The company is also well-funded, and it has the resources to invest in new technologies and initiatives. Risks and Challenges Carvana faces some risks and challenges, including: The company's rapid growth may make it difficult to maintain its high level of customer service. The company's reliance on third-party logistics providers could lead to disruptions in its supply chain. The company's inventory of used cars could be affected by economic downturn. The company's stock price is volatile, and it could experience significant declines in the future. Overall, Carvana is a well-positioned company with a strong track record of growth. The company faces some risks and challenges, but it is well-funded and has the resources to invest in new technologies and initiatives.
