Earnings And ProfitabilityThe company has emerged as a more profitable and nimble operator, demonstrating unit economics well above peers, which could lead to positive earnings revisions in the medium-term.
Market ShareCarvana's market share gains are maintaining a strong pace, with capacity expansion tracking per plan and a strong balance sheet recently upgraded by S&P.
Operational EfficiencyOperational efficiencies are improving, with reduced shipping costs and increased availability of free shipping vehicles.