Dear Carvana Stock Fans, Mark Your Calendars for December 22

Core Viewpoint - Carvana (CVNA) has experienced a remarkable stock market recovery, rising from nearly zero in 2023 to approximately $450 per share, showcasing one of the most incredible comeback stories in recent history [1][2]. Group 1: Stock Performance - Carvana's stock fluctuated dramatically, dropping from an adjusted price of about $400 per share in 2021 to penny stock territory before rebounding to new highs [1][2]. - The company is set to be listed in the S&P 500 starting December 22, indicating a significant market capitalization that surpasses other major American automakers [3]. Group 2: Business Model - Carvana operates a large online used car dealership, gaining prominence during the pandemic with its innovative car vending machines, which transformed the car buying experience [4]. - The business model appeals to buyers who prefer a seamless purchasing process, allowing them to pick up their vehicles from vending machines after securing financing [4]. Group 3: Financial Metrics - Recent quarters have shown a solid increase in both revenue and earnings for Carvana, with the company valued at over 6 times sales and more than 80 times forward earnings, indicating a premium valuation compared to traditional automakers [5]. - Carvana's profit margin stands at 1.5%, reflecting the low-margin nature of the auto industry, while its return on equity exceeds 30%, suggesting effective management of investor capital [5][6].