Carvana is an online company that sells cars on its various online platforms. The company is best known for its multi-story glass tower car vending machine.
Carvana is a company founded by Ernest Garcia III, Ryan Keeton and Ben Houstan in 2012.
Carvana offers a full-fledged online platform where customers can browse, select and purchase the car with a few clicks. The car is then delivered to the house or retreuved from the car vending machine.
1. Supply Chain Challenges 2. Risisng Intererst Rates 3. Operational Difficulties 4. Cash Burns & Losses
1. Large Cash Reserves 2. Unique E-commerce Model 3. Demand For used cars 4. Potential for optimization
When the company's stocks fell tremendously in the year 2022, people were speculating the bankruptcy of Carvana. However, the company pulled itself from the bankruptcy and is currently attempting to reccover.
It is tough to say anything about the closure of the company. As it is true that Carvana has been struggling since pandemic but now that the situations are improved for the Carvana.