Carvana Co. (1CVNA)

Profile

https://www.carvana.com

Carvana Co. is a holding company that operates an e-commerce platform focused on buying and selling used cars in the United States. The company enables customers to browse a large inventory of vehicles online, arrange financing, value and trade in their existing cars, and complete purchases digitally. Carvana also provides delivery and pickup options designed to streamline the automotive retail experience. The business generates revenue primarily from retail used vehicle sales, complemented by wholesale vehicle sales and a range of related products and services. These include vehicle financing, sales of loans through securitizations or to financing partners, vehicle service contracts, guaranteed asset protection (GAP) waiver coverage, and other ancillary insurance-related offerings. This integrated model positions Carvana within the consumer cyclical sector, specifically the auto and truck dealership industry, with a focus on online distribution and data-driven operations. Founded in 2012 and headquartered in Tempe, Arizona, Carvana Co. today serves consumers seeking a fully digital, end-to-end used car transaction experience.