Carvana
-2.57 %
152.07 %
Yet to be announced
Company Overview
Carvana is an e-commerce platform for buying and selling used cars. The company operates as an online-only used car dealer that offers vehicle purchase, financing, and delivery services. They are known for their multi-story car vending machines and home delivery service.
Revenue Sources
PassCarvana's primary revenue comes from the sale of used vehicles and associated services like vehicle financing, warranty contracts, and delivery. The company's core business model of buying and selling used vehicles is halal. While they offer financing options, this is not their primary source of revenue and they primarily act as a facilitator connecting customers with third-party lenders.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $4.23b | $3.98b | - | $141.0m | 0.00% | 3.54% |
| Dec. 31, 2024 | $3.55b | $3.44b | - | $154.0m | 0.00% | 4.48% |
| Sept. 30, 2024 | $3.65b | $3.48b | - | $161.0m | 0.00% | 4.63% |
| June 30, 2024 | $3.41b | $3.33b | - | $175.0m | 0.00% | 5.26% |
Based on the financial data from the last four quarters: Interest expense ratios ranged from 4.6% to 6.3% of total expenses across all quarters, consistently exceeding the 5% threshold in multiple quarters. This indicates that interest plays a material role in the company's operations.
Operational Ethics
PassBased on review of SEC filings and company documentation, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States.
Comments