Will Carvana Struggle to Maintain Its Competitive Edge?
Carvana Co. (CVNA) recently reported its earnings for the fourth quarter and full year of 2024, revealing a significant turnaround in its financial performance. Following a challenging 2022, the company demonstrated robust improvements, achieving record profitability with net income of $404 million, a net income margin of 3.0%, and a GAAP operating income of $990 million for the fiscal year. These