Carvana hitting nearly $7,000 gross profit/unit in 2024 was Pretty astounding.
Lots of people asking "how".
If I had to sum it up in 2 words:
Vertical integration.
Carvana is not just an auto retailer.
It's a bank, logistics company, vehicle auction, and much more.
The $6,802 number you're seeing includes retail profit, wholesale profit and "other" profit (ancillary products, auto loan, etc)
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