Carvana’s (CVNA) Remarkable U-Turn Tempered by Macro Headwinds
Carvana Co. (CVNA), an e-commerce platform for used vehicles in the U.S., has experienced a notable 812% recovery from its 2023 lows, driven by a significant improvement in its business fundamentals. The market has recognized this progress, valuing the company at a premium as it now stands out as one of the country’s fastest-growing publicly traded automotive retailers. An analysis of the company’s unit economics highlights Carvana’s solid profitability. While I maintain a neutral stance on the