Carvana - Online Used Car Dealer Benefits from Rising Consumer Spending!
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Business Driver: Carvana (CVNA) has established itself as one of the most well-known players in the US market, especially in the online used car sales sector, where customers can complete the purchase of used car models with just a few mouse clicks online. Recently, Carvana has come under pressure due to the continued push of eCommerce giant Amazon into the used car market (Amazon Auto). In the ended Q3, Carvana significantly exceeded analyst estimates of $5.06 billion, achieving a revenue increase of 54.50% to $5.64 billion, driven by a substantial...
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