Carvana

Digital car marketplace

Carvana is an American online used car retailer known for its multi-story glass "car vending machines" where customers can pick up purchases.

The company pioneered a no-haggle, fully online car-buying experience: I bought my Honda through Carvana and never talked to a salesperson.

The name blends "car" with a suffix evoking nirvana—automotive bliss.

company

corporation

Legally separate business entity

  • NASDAQElectronic securities exchange
  • stockGoods kept for sale
  • IPOFirst public stock offering

valuation · shares · investors · revenue · profit · earnings · CEO · headquarters · Arizona · founder

vehicle

sedan

Enclosed passenger car

hybrid · coupe · hatchback · minivan · crossover · electric · certified · pre-owned · used · mileage

experience

tower

Tall slender edifice

hassle-free · transparent · pricing · paperless · contactless · appointment · pickup · signature · keys · excitement

platform

website

Online page collection

  • appMobile device software
  • mobileCapable of movement
  • browseSurvey without intent

search · filter · photos · virtual · listing · inventory · selection · compare · save · favorites

transaction

checkout

Payment completion process

  • cartVehicle for hauling
  • purchaseGoods obtained for payment
  • paymentFulfilling a financial obligation

financing · approval · credit · loan · monthly · terms · contract · e-sign · documentation · verification

Categories
Opposites
car buying model

Carvanacar lot

Vehicle sales area

used car lot · AutoNation · CarMax

Familiarity
Top 1,000,000
Profile
Mostly American · Concrete · Everyday, not technical · Rated G