Google trend - Carvana stock

Carvana stock - 10 things to know with detail

• Carvana is an online platform for buying and selling used cars. The company was founded in 2013 and has quickly grown to become one of the largest online car dealers in the United States.
• Carvana went public in April 2017, with an initial public offering (IPO) price of $15 per share. Since then, the stock has seen significant growth, reaching a peak of over $300 per share in early 2021.
• Carvana's stock ticker symbol is CVNA and it is listed on the New York Stock Exchange (NYSE).
• The company's business model is centered around its online platform, which allows customers to browse a wide selection of used cars, complete the purchase process online, and have the car delivered directly to their doorstep.
• Carvana also offers a trade-in program, where customers can sell their current vehicle to the company in exchange for credit towards the purchase of a new car.
• In addition to its online platform, Carvana has also expanded its business through the opening of physical "car vending machines" in select locations. These vending machines allow customers to pick up their purchased car in a unique and convenient way.
• Carvana has experienced rapid revenue growth in recent years, with total revenue reaching $5.6 billion in 2020, up from $3.9 billion in 2019.
• Despite its rapid growth, Carvana has yet to turn a profit. The company has reported net losses in each year since going public, as it continues to invest in expanding its business and market share.
• Carvana faces competition from traditional car dealerships, as well as other online car buying platforms such as Vroom and Shift.
• Investors in Carvana stock should be aware of the company's high valuation and the potential for volatility in the stock price. The stock has experienced significant fluctuations in recent years, and investors should carefully consider their risk tolerance before investing in Carvana.