With New Car Inventories at Multi-Year Highs, Can Online Used Dealer Carvana Maintain Huge Gains?

One of the most remarkable stocks over the past five years is Carvana. It was founded in 2012 by Ernest Garcia III, son of infamous Arizona used-car dealer Ernest Garcia II, also among Carvana’s largest shareholders, along with Ryan Keeton and Ben Huston. Carvana's business model revolves around buying and selling used cars online, aiming to streamline the car buying process by eliminating the traditional dealership experience.

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