US1468691027 - Common Stock
41.24 +0.41 (+1%)
After market: 41.32 +0.08 (+0.19%)
NYSE:CVNA (9/28/2023, 7:04:00 PM)After market: 41.32 +0.08 (+0.19%)
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Carvana Co. is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company is headquartered in Tempe, Arizona and currently employs 16,600 full-time employees. The company went IPO on 2017-04-28. The firm operates as an e-commerce platform for buying and selling used cars. Through the Company’s platform, consumers can research and identify a vehicle, inspect it using its patented 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle, and schedule delivery or pick-up, all from their desktop or mobile devices. Alternatively, a customer can obtain an offer online for their vehicle by answering a few questions without needing to provide photos or service records. The firm's transaction technologies and online platform allows its customers to secure financing, complete a purchase or sale, and schedule delivery or pick-up online.
300 E. Rio Salado Parkway
Tempe ARIZONA 85281
CEO: Ernest Garcia
With the market suffering losses due to broader headwinds, hedge funds have targeted the most shorted stocks for cynical profits.
The used car marketplace has had a tumultuous 2023.
Carvana is taking steps to rightsize the business after consumer demand slowed.
Avoid buying stocks simply because they attract significant news coverage.
CarMax EPS is expected to fall for a seventh straight quarter.
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