Carvana (CVNA) Presents at Deutsche Bank Technology Conference (Transcript)

Sep. 12, 2017 8:09 PM ETCarvana Co. (CVNA)6 Comments
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Carvana Co. (NYSE:CVNA) Deutsche Bank Technology Conference Call September 12, 2017 4:20 PM ET


Ernie Garcia - President, CEO and Chairman


Mike Levin - Deutsche Bank

Mike Levin

Good afternoon everybody, I would like to welcome Carvana, which is an online retailer of used vehicles. While used auto retailers a traditional business, few companies have attempted to sell 100% online and virtually none have succeeded. This is very difficult problem to solve requiring know how in inventory acquisition, reconditioning, finance and particularly logistics. We believe that Carvana has actually shown the deep expertise in all of these areas and has a compelling offering that is resonating with consumers.

To learn more about the company, we have with us Ernie Garcia, the CEO, and Mark Jenkins the CFO is also in attendance.

I will now turn it over to Ernie to go through a few slides.

Ernie Garcia

Thank you. So I think the plan here is to go through a quick presentation to get an overview of the company and then we will jump into Q&A, so I will try and go as fast as I can.

First of all this presentation will include forward-looking statements, Safe Harbor, we undertake no obligation to update those, please forgive us for having to spend a slide on that.

So really quick high level I think Mike set it up, but our mission is to change the way people buy cars. The general idea behind Carvana is that if we can give people a very simple way to transact online if we can reduce costs and by reducing costs we can give customers lower prices and better experiences. And then we have to build an entire operational chain to support that we will talk about all that as we go through the presentation.

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