Carvana Auto Loans provides pre-qualified financing for vehicle purchases on the Carvana platform.
Competing Products
Carvana
Arizona-based online used car dealer offering test drives, financing, and reviews nationwide.
Founded
2012Carvana Co., founded in 2012 and based in Tempe, Arizona, operates an e-commerce platform specializing in the buying and selling of used cars across the United States. The company's core mission is to simplify the car buying process by providing a seamless online experience. Carvana's platform allows customers to research vehicles, inspect them using 360-degree imaging technology, secure financing, purchase vehicles, and schedule delivery or pick-up—all from their desktop or mobile devices. The company focuses on making car buying more transparent and convenient for consumers nationwide.
Notable figures associated with Carvana include its founder, Ernie Garcia III. The company has attracted significant investment and has grown rapidly, becoming a component of the Russell 2000 index. Key achievements include the establishment of 39 car vending machines across the country, which serve as unique pick-up points for customers. Carvana's innovative approach has had a substantial impact on the automotive e-commerce market, setting new standards for convenience and customer satisfaction in the used car industry.
Carvana - M & A Snapshot
Carvana - Quick Facts
Who are Carvana's competitors?
Companies similar to Carvana include Vroom, Cars.com, CarMax and CarGurus.
When was Carvana founded?
Carvana was founded in 2012.
Where is Carvana's headquarters located?
Carvana's headquarters is located in Tempe, AZ, US.
When was Carvana's last funding round?
Carvana's most recent funding round was for $225M (USD) in July 2023.