What Happened To Carvana?

CNBC published this video item, entitled “What Happened To Carvana?” – below is their description.

Throughout the coronavirus pandemic, several factors propelled Carvana’s business forward. At its peak in August 2021, the online used car retailer reached a market capitalization of around $60 billion. By the end of the year, it was ranked just behind behemoth CarMax as having sold the largest number of used vehicles that year. Carvana even became one of the youngest companies to make the Fortune 500 list. But since then, Carvana has struggled. The company’s future now seems in question, as it faces ever increasing competition and an uncertain economic outlook plagues consumers.

Chapters:

00:00-01:13 Introduction

01:13-03:05 Disrupting dealers

03:05-05:24 The rise

05:24-09:04 The fall

09:04-12:05 The future

Produced by: Magdalena Petrova

Supervising Producer: Jeniece Pettitt

Editorial Support: Michael Wayland

Graphics: Jason Reginato

CNBC YouTube Channel

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About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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