Summary by Futu AI
Carvana Co., an online car retailer, has released its 2023 Annual Report, reflecting on the company's journey, challenges, and financial performance. The report highlights the company's resilience despite experiencing a significant stock price drop from an all-time high of $376.83 in August 2021 to an all-time low of $3.55 in December 2022. Carvana was also named 'The Worst Company of 2022' by Yahoo Finance. The report emphasizes the importance of resilience, which CEO Ernest Garcia III attributes to the company's competitive, curious, and purpose-driven team. Carvana's history is marked by initial rejections from private investors and a challenging path to going public in 2017. Despite these obstacles, the company has focused on its mission to improve the car buying and...Show More