About Carvana Co (CVNA)

Carvana Co (CVNA) is a company that specializes in the buying and selling of used cars. The company operates an online platform where customers can browse through a wide selection of vehicles and make their purchase entirely online. Carvana's goal is to provide customers with a seamless and convenient car buying experience without the hassle of visiting a traditional dealership. The company was founded in 2012 and has quickly grown to become one of the largest online car retailers in the United States. Carvana offers a range of services including vehicle financing, trade-ins, and home delivery. With a market cap of over $50 billion, Carvana has seen tremendous growth in recent years and continues to disrupt the automotive industry.

Carvana Co has been attracting a lot of attention from investors and analysts due to its unique business model and strong financial performance. The company reported impressive numbers in its latest quarterly earnings, with revenue increasing by 104% year-over-year. Carvana's growth can be attributed to its ability to tap into the growing trend of online car shopping, providing consumers with a convenient and transparent way to buy a car. The company's market cap has also been on the rise, reflecting investor confidence in its future prospects. Carvana's PEG ratio, which measures the company's valuation relative to its earnings growth, is currently around 2.3, indicating that the stock may be slightly overvalued. However, given Carvana's strong growth trajectory and disruption potential, many analysts believe that the stock still has significant upside.