Carvana operates an e-commerce platform focused on the acquisition, sale, and financing of used vehicles. The company's core service enables consumers to search, purchase, and arrange delivery of pre-owned cars through its digital marketplace. The platform includes vehicle inspection and reconditioning capabilities, online shopping tools, third-party financing facilitation, and ancillary products and services. Additionally, Carvana operates auction sites that support its vehicle sourcing and inventory management.
The company's business model integrates multiple revenue streams spanning vehicle sales, financing services, and complementary offerings. Operations include a logistics network designed to handle vehicle fulfillment and delivery to customers. Post-sale support services round out the customer experience across the transaction lifecycle.
Based in Tempe, Arizona, Carvana operates at significant scale with approximately 23,100 full-time employees. The company conducts business across multiple geographic markets in the United States, leveraging its centralized e-commerce platform and distributed fulfillment infrastructure to serve customers across its operating regions.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $8.45 | $10.22 | +431.4% | |
| 2024 | $1.59 | $1.72 | +112.0% | |
| 2023 | $0.75 | $4.12 | +104.8% | |
| 2022 | $-15.74 | — | -865.6% | |
| 2021 | $-1.63 | — | — | |
| 2020 | — | — | — | |
| 2019 | — | — | — | |
| 2018 | — | — | — | |
| 2017 | — | — | — |