| Stage | GPI | % of rev | CVNA | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.4B | 100.00% | $8.0B | 100.00% | CVNA ×1.49 |
| Gross profit | $855M | 15.84% | $1.5B | 18.92% | CVNA +3.1pp |
| Operating income | $201M | 3.72% | $714M | 8.88% | CVNA +5.2pp |
| Pre-tax income | $132M | 2.44% | $552M | 6.87% | CVNA +4.4pp |
| Net income | $103M | 1.91% | $483M | 6.01% | CVNA +4.1pp |
| Stage | GPI | CVNA | Gap · A − B |
|---|---|---|---|
| Revenue | $5.4B100.00% | $8.0B100.00% | CVNA ×1.49 |
| Gross profit | 15.84%$855M | 18.92%$1.5B | CVNA +3.1pp |
| Operating income | 3.72%$201M | 8.88%$714M | CVNA +5.2pp |
| Pre-tax income | 2.44%$132M | 6.87%$552M | CVNA +4.4pp |
| Net income |
| 1.91%$103M |
| 6.01%$483M |
| CVNA +4.1pp |