Analyst Report: Carvana Co

Argus

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May 05, 2026

Summary

Carvana Co., based successful Arizona, is an e-commerce level for buying and selling utilized cars. The level enables customers to implicit a acquisition oregon sale, unafraid financing, and docket transportation oregon pickup online. The institution is the second-largest utilized automotive retailer successful the U.S. The institution completed its archetypal nationalist offering (IPO) connected the New York Stock Exchange connected April 28, 2017.

The institution competes successful the $1.2 trillion retail car manufacture successful the U.S., $840 cardinal of which consists of utilized car sales. The car manufacture accounted for 22% of the U.S. retail system successful 2022. Carvana's income accou

William V. Selesky

Senior Analyst: Basic Materials

Bill covers the Basic Materials assemblage for Argus. He has worked successful the concern concern for implicit 15 years, including positions arsenic a elder equity expert for firms specified arsenic Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided sum connected groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, helium besides served arsenic portion of a squad that managed $9 cardinal successful progressive equity products. Prior to moving successful the concern field, Bill spent 8 years arsenic a recognition expert astatine American Express Company and 5 years arsenic an expert astatine Equifax Services. Bill has a Masters of Business Administration grade successful Investment Finance from Pace University, and a Bachelor of Science grade successful Economics from Fordham University.