Carvana Co (CVNA.K, CVNA US)
Carvana Co. is the leader in automotive e-commerce in the US. An entirely online offering, CVNA will buy your used car, recondition it and then sell it via its website. Cars can be collected from CVNA's iconic vending machines or delivered to consumers' homes via CVNA-branded delivery trucks. CVNA experienced hypergrowth as it expanded to cover 81% of the US population, bringing a $840bn vertical online. Further income was generated from selling car financing and insurance products to consumers. Growth is achieved through entering new markets, increasing penetration in existing markets, reducing days to sale and higher conversion of ancillary services.
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