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Cutting out the dealerships translates to lower cost for us on every vehicle sold

Cutting out the dealerships translates to lower cost for us on every vehicle sold

ABOUT CARVANA

At Carvana, we’re tackling one of the largest, yet-to-be-disrupted markets in the world – the $1T per year U.S. car market (yes, that’s $Trillion with a “T”). We provide a seamless, 100% online car buying experience for consumers from end-to-end: acquiring, inspecting, and certifying high quality cars, providing 360° high-res photography inside and out of the vehicle, generating real-time financing and warranty options, and delivering the car to our customers’ doors in as little as 24 hours with a 7 day money back guarantee. With no dealerships or commissioned sales people, we save thousands of dollars per car in expenses that we pass on to our customers.

Recently named Forbes’ 5th Most Promising Company, we offer the excitement, culture, and opportunity of a start-up, with the capitalization and infrastructure of a much more established business. For more information on Carvana, take a look at our company introduction video: youtube.com/watch?v=c5dpBRp0-_w
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Latest Stories and News

Digital car buying platform Vroom set June IPO

  • PYMNTS.com
  • 3 weeks ago
  • Vroom, the online used-car sales startup, is eyeing an initial public offering (IPO) for June of this year.
  • That comes even during the time of social distancing, with car sales and associated businesses lagging in business. Online car retailers may have the leg up in the pandemic, however, as people resort to more digital methods of purchasing in lieu of being able to go out.
  • Vroom’s projections for 2021 have gone down since the pandemic has set in. Before, the company was predicting a $3.2 billion bounty; now it is only forecasting $2 billion, with the bulk coming from online sales.
Digital car buying platform Vroom set June IPO
Total raised

$460M

Funded over

2 rounds

Latest round

Series C (Aug 2016)