| Stage | CVNA | % of rev | PAG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $8.0B | 100.00% | $8.4B | 100.00% | PAG ×1.05 |
| Gross profit | $1.5B | 18.92% | $1.3B | 15.73% | CVNA +3.2pp |
| Operating income | $714M | 8.88% | $303M | 3.60% | CVNA +5.3pp |
| Pre-tax income | $552M | 6.87% | $302M | 3.59% | CVNA +3.3pp |
| Net income | $483M | 6.01% | $221M | 2.63% | CVNA +3.4pp |
| Stage | CVNA | PAG | Gap · A − B |
|---|---|---|---|
| Revenue | $8.0B100.00% | $8.4B100.00% | PAG ×1.05 |
| Gross profit | 18.92%$1.5B | 15.73%$1.3B | CVNA +3.2pp |
| Operating income | 8.88%$714M | 3.60%$303M | CVNA +5.3pp |
| Pre-tax income | 6.87%$552M | 3.59%$302M | CVNA +3.3pp |
| Net income |
| 6.01%$483M |
| 2.63%$221M |
| CVNA +3.4pp |
No shared counterparties.