Carvana: From Problem Child to Stock Market Star in Just 18 Months
Reading Time: 3 minutes
Carvana, founded in 2012 in Tempe, Arizona, has established itself as one of the leading online used car dealers in the USA. The company offers customers the ability to buy or sell vehicles completely online, including financing, insurance, and delivery. A unique feature is the multi-story car vending machines where customers can pick up their vehicles after purchase. Carvana was listed on the New York Stock Exchange under the ticker CVNA in 2017. Despite challenges related to market conditions and regulatory issues, the company achieved its first...
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