Carvana ($CVNA): Medium-Term Retail Units (Research Note #10)

Analysis of Carvana's growth prospects over the medium term.

As mentioned last week, I wanted to reanalyze Carvana’s prospects today in light of the latest information, given Carvana’s significant increase in stock price over the last two years.

This Carvana Research Note focuses on the next stage of growth over the medium term, beyond what was discussed last week in CVNA Research Note #9: Near-Term Retail Units.

Discussion items in this Carvana Research Note include:

1. Past proof points for future retail unit levels

2. Future market penetration analysis

3. Current vs future capacity

4. Funding and progress towards that future capacity

5. New initiatives and benefits with latest inspection centers

6. S&P / Moody’s upgrades and market interest rates decreasing

7. Fixed-cost leverage and associated savings

Enjoy.