Carvana Co. (CVNA), headquartered in Tempe, Arizona, operates auction sites and an e-commerce platform for buying and selling used cars. With a market cap of $73 billion, the company offers test drives, vehicle financing, and car reviews.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and CVNA perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the auto & truck dealerships industry. Carvana stands out in the used car market with a customer-centric e-commerce platform featuring HD vehicle tours and a seven-day return policy. Its proprietary logistics network ensures fast delivery and builds loyalty. Vertical integration and investments in AI/predictive modeling lower costs versus traditional dealers, while capacity to recondition 1.5 million cars annually and patented vending machines provide scalable infrastructure and strong brand visibility.
