Carvana is an online used car retailer based in Tempe, Arizona.
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13 Facts About Carvana
2.
Carvana is the fastest growing online used car dealer in the United States and is known for its multi-story car vending machines.
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3.
Carvana was named to the 2021 Fortune 500 List, one of the youngest companies to be added to the list.
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4.
Carvana was founded by Ernest Garcia III, Ryan Keeton and Ben Huston in 2012.
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5.
In November 2013, Carvana opened its first iteration of a car vending machine.
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Arizona United States North Carolina Illinois IndyCar Series Jimmie Johnson Football6.
Also in 2017 Carvana acquired rival automotive startup Carlypso to enhance vehicle data and analytical tools.
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7.
In 2020, Carvana sold 244,111 vehicles and posted annual revenue of $5.
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8.
May 10,2022, article in The Wall Street Journal reported that Carvana had to lay off 12 percent of its staff after falling short of growth expectations.
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9.
Carvana stock was 90 percent off its 52-week stock price as interest in the company collapsed.
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10.
Carvana was allowed to resume business in North Carolina in January 2022.
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11.
On July 18,2022, the Secretary of State's office announced that Carvana's suspension was reimposed after finding that company continued to engage in illegal conduct.
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12.
Paul Breaux, Vice President for Carvana, was charged with multiple misdemeanor and petty offenses due to the Illinois issues.
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13.
Carvana is a sponsor of the USL Championship's Phoenix Rising Football Club since 2018, and IndyCar Series driver Jimmie Johnson since 2021.
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