Carvana Owners Made $5 Billion TODAY! How was your day?

  • While the coronavirus pandemic has devastated some industries, others have benefited as COVID-19 alters consumer spending.
  • As even more shopping is done online - and buyers opt for used cars over new - Carvana, was well positioned.
  • The Phoenix-based company sells used cars online out of giant vending machines.
  • Bloomberg reports Carvana stock surged 31% Tuesday after the company projected record revenue and profit margins. The company's stock is up nearly 150% for the year. Tuesday's jump netted the father and son owners $5 billion in a single day. Together, Ernie Garcia II and son Ernest are worth more than $21 billion.


According to Carvana's website -

  • They allow customers the option of over 19,000 vehicles
  • You can complete your purchase in as little as 10 minutes (* I highly recommend taking at least 12 minutes)
  • Potential car-buyers have the option to pick-up their new car at more than a dozen car-vending machine locations around the country.
  • And you get to use a GIANT coin to retrieve your car from the vending machine (*How fun is THAT?!)

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