Carvana Co. (CVNA) Presents at Wells Fargo's 9th Annual TMT Summit Transcript

Core Insights - The company experienced significant unit growth for nearly two years before shifting strategies in early 2022, which led to a decline in growth and reliance on capital markets [1][2] Group 1: Business Strategy - The company launched in 2013 and was in growth mode until early 2022, when a strategic shift was made to reduce reliance on capital markets [1] - The shift in strategy resulted in a pullback on growth for approximately 1.5 to 2 years [1] Group 2: Unit Economics - The company ceased initiatives aimed at rapidly improving unit economics, which contributed to a reduction in business size and a return to previous equilibrium levels [2]