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at this rate of growth, you're going to need to think about build beyond that over the next few years
How should we be thinking about operating leverage in fixed costs, Mark, you mentioned that? And then more near term, how should investors think about logistics expense
the variable adjusted EBITDA margin decelerated down to 7% this quarter. Is this a one-off decline?
does Carvana loan to related parties? Do the related parties originate loans for cars sold on Carvana?
what do plans look like to expand production capacity beyond that 3 million? And what are the capital requirements to get there?
how do you think about competition from new entrants such as Amazon that also have warehouse and logistics capabilities?
ADESA gives you hub-and-spoke network across the country. You've built out real reconditioning chops with digital integration. You see opportunity for Carvana TAM to expand beyond used cars?
incremental adjusted EBITDA margin. It came in at over 17% this quarter. Is there any reason why that wouldn't be indicative of future incremental margins?
can you comment on gain on sale. It looks like it increased sequentially to over 11% of receivables sold this quarter
What are the biggest gating factors near term limiting potential growth in units? Is it rooftops, physical labor, logistics freight
How are conversations going with the credit rating agencies to help improve from current levels?