Carvana Co. (CVNA), together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.

Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.

The company was founded in 2012 and is based in Tempe, Arizona.

The stock reported earnings on November 2nd. Carvana Co. reported earnings of $0.23 per share on revenue of $2.77 billion for the third quarter ended September 2023. The consensus estimate was a loss of $0.85 per share on revenue of $2.78 billion. The company beat expectations by 132.86% while revenue fell 18.10% compared to the same quarter a year ago.

This stock should see an increase in share prices as the stock has renegotiated its debt and its internet performance has increased.