CARVANA CO.

Carvana operates an e-commerce platform for purchasing and selling used vehicles. The company buys pre-owned automobiles directly from consumers, auctions, and wholesale suppliers, and sells them to retail and wholesale customers. In addition to retail vehicle sales, it provides vehicle financing, inspection and reconditioning, and post-sale returns. Carvana also offers complementary products, including vehicle service contracts, guaranteed asset protection waivers, and auto insurance. Its customers include retail vehicle buyers, consumers selling or trading in vehicles, and wholesale buyers.

The company conducts its operations in the United States, where its logistics network spans 316 metropolitan statistical areas and reaches over 80% of the population. Carvana maintains licensed facilities in 40 states, operates 39 car vending machines, and utilizes an inventory of over 75,000 vehicles. Its physical infrastructure includes 56 acquired auction locations, 16 of which possess vehicle reconditioning capabilities. The business employs over 23,100 workers. The provided report does not state the location of the company's corporate headquarters.

Summary of the business section of Carvana's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, we had over 23,100 full-time and part-time employees.”