Carvana Co. (CVNA) is an e-commerce platform focused on buying and selling used cars. The company generates revenue from used vehicle sales, wholesale vehicle sales, and other sales and revenue streams. These additional sources include sales of loans originated and sold through securitization transactions or to financing partners, commissions on vehicle service contracts (VSCs), and sales of GAP waiver coverage. Retail vehicle unit sales are the core of Carvana’s business, driving most of its revenue while supporting additional income from financing, VSCs, auto insurance, GAP waiver coverage, and trade-in vehicles.