Carvana Co., headquartered in Tempe, Arizona, is an eCommerce platform for buying and selling used cars, employing 13,700 staff since its IPO on April 28, 2017. The company offers vehicle research, financing, delivery options, and various ancillary products through its platform.
CVNA has been in the news recently: Carvana Co. (NYSE: CVNA) experienced a Power Inflow alert at $357.65 on September 25, signaling heightened buying activity among traders. This comes amid a competitive landscape in the automotive sector, as companies like CarMax have reported disappointing earnings, causing their shares to drop significantly.
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