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Carvana Priced, NYSE: CVNA

Online used car retailer with locations featuring car "vending machines".

Industry: Technology

First Day Return: -26.0%

Industry: Technology

Carvana is a leading eCommerce platform for buying used cars. We are transforming the used car buying experience by giving consumers what they want -- a wide selection, great value and quality, transparent pricing and a simple, no pressure transaction. Each element of our business, from inventory procurement to fulfillment and overall ease of the online transaction, has been built for this singular purpose. We provide a refreshingly different and convenient car buying experience that can save buyers time and money. On our platform, consumers can research and identify a vehicle, inspect it using our proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices. Our transaction technologies and online platform transform a traditionally time consuming process by allowing customers to secure financing, complete a purchase and schedule delivery online in as little as 10 minutes.
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IPO Data
IPO File Date 03/31/2017
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 15.0
Deal Size ($mm) $225
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/27/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $225
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Phoenix, AZ, United States
Founded 2013
Employees at IPO 1,067
Website www.carvana.com

Carvana (CVNA) Performance