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No. of Recommendations: 4
Just a quick follow-up. I found debt numbers. Page 63:

https://investors.carvana.com/~/media/Files/C/Carvana-IR/doc....
Annual long term debt has been increasing every year since 2016, and was almost $1.7B in 12/31/20. Net loss per share has been increasing annually, though gross profit per unit is on the rise, and markets have increased dramatically. EBITDA is -148K.

The stock price has been doing well recently, up roughly 40% since Jan 1, and up over 100% from 1 year ago. However, prior to 2020 growth in stock price was slow.

Also used this source: https://finance.yahoo.com/quote/cvna/financials/

1poorguy (no position in CVNA, still evaluating, but it doesn't seem to me to be a slam-dunk)
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No. of Recommendations: 4
Just a quick follow-up. I found debt numbers. Page 63:

https://investors.carvana.com/~/media/Files/C/Carvana-IR/doc....
Annual long term debt has been increasing every year since 2016, and was almost $1.7B in 12/31/20. Net loss per share has been increasing annually, though gross profit per unit is on the rise, and markets have increased dramatically. EBITDA is -148K.

The stock price has been doing well recently, up roughly 40% since Jan 1, and up over 100% from 1 year ago. However, prior to 2020 growth in stock price was slow.

Also used this source: https://finance.yahoo.com/quote/cvna/financials/

1poorguy (no position in CVNA, still evaluating, but it doesn't seem to me to be a slam-dunk)
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No. of Recommendations: 7
Hi all,

This is my first post here. I have been reading the board off and on but have not felt that I had anything valuable to add.

I think Carvana's recent success is mostly a transient COVID phenomenon. The demand for personal vehicles has surged at a time when production of new vehicles has been sharply curtailed. These are both temporary circumstances. Carvana is seen as the COVID safe way to buy a used car and as a result they've seen tremendous growth.

I seriously doubt that Carvana can sustain anywhere near recent levels of growth. I rate CVNA as a speculative pick worth watching but at least personally not worthy of my captial.

Mark
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