Argus

β€’

Mar 03, 2026

Symbols

Sector(s)

Consumer Cyclical

Rating

Earnings Estimate

Current Price

$317.92

Price Target

Summary

Carvana Co., based in Arizona, is an e-commerce platform for buying and selling used cars. The platform enables customers to complete a purchase or sale, secure financing, and schedule delivery or pickup online. The company is the second-largest used automotive retailer in the U.S. The company completed its initial public offering (IPO) on the New York Stock Exchange on April 28, 2017.

The company competes in the $1.2 trillion retail auto industry in the U.S., $840 billion of which consists of used car sales. The auto industry accounted for 22% of the U.S. retail economy in 2022. Carvana's sales account for 1.5% of used car sales - the largest dealer brand market share in the U.S. The digital economy is transforming car buying, with 86% of customer purchases involving online research and 61% of customers considering b

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William V. Selesky

Senior Analyst: Basic Materials

Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, he also served as part of a team that managed $9 billion in active equity products. Prior to working in the investment field, Bill spent eight years as a credit analyst at American Express Company and five years as an analyst at Equifax Services. Bill has a Masters of Business Administration degree in Investment Finance from Pace University, and a Bachelor of Science degree in Economics from Fordham University.

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