Credit RatingS&P upgraded Carvana to BB- with a Positive Outlook, citing consistent topline growth and sustained improvements in both margins and credit metrics.
Market PositioningCarvana is seen as a tech disruptor in a highly fragmented market, which could lead to significant competitive advantages.
Operational EfficiencyCarvana's vertically-integrated national-scale sourcing, reconditioning and logistics processes are being recognized for their efficiency.