Carvana Priced, NYSE: CVNA

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

Industry: Technology

Latest Trade: $21.14 0.00 (0.0%)

First Day Return: -26.0%

Return from IPO: +40.9%

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 News for Carvana
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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
IPO Data
IPO Date 04/27/2017
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 15.0
Deal Size ($mm) $225
Underwriters
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Company Data
Headquarters Phoenix, AZ
Founded 2013
Employees 1,067
Website www.carvana.com