Is Carvana Making Money? — Market Mad House
The Carvana Co. (NYSE: CVNA) is shaking up auto sales with its car vending machines and fast delivery.
In fact, Carvana (CVNA) claims to have sold 177,549 vehicles online in 2019. Furthermore, Carvana claims Carvana.com offers 25,000 vehicles to customers. Carvana claims its year-to-year retail unit sales grew by 82% to 50,370 between 2018 and 2019.
Carvana attracts buyers with such features as a seven-day money backup guarantee, real-time financing, and delivery. To me, Carvana sounds like the perfect business for the coronavirus…