CVNA - The 2 Charts Carvana Investors Can't Afford to Miss
2023-06-11 11:13:00 ET
Carvana (NYSE: CVNA) sends out a letter to shareholders each quarter filled with excellent information, including financial metrics per vehicle and a plethora of useful charts and graphs. You'll see a trend line of gross profit per unit and even a map showing locations of inspection centers and market reach.
But what you won't find -- and what is the elephant in the room -- is a graph showing you the soaring interest expense Carvana has from its large pile of debt. Let me show you what that looks like and how it got to this point.
Chart by author. Information source: Carvana SEC filings. *Full year estimated using first-quarter numbers.
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The 2 Charts Carvana Investors Can't Afford to Miss