Valued at a market cap of $76.7 billion, Carvana Co. (CVNA) operates an online platform for buying and selling used cars, offering services such as vehicle acquisition, inspection and reconditioning, financing, logistics, and post-sale customer support. It also operates auction sites to support its operations.
Shares of the Tempe, Arizona-based company have lagged behind the broader market over the past 52 weeks. CVNA stock has gained 13.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.3%. In addition, shares of the company are down 17.9% on a YTD basis, compared to SPX’s 9.6% rise.
