What Happened To Carvana?

Описание к видео What Happened To Carvana?

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From the outside, Carvana is one of the biggest innovations that has happened to the automotive industry over the past few decades. They basically single-handedly popularized the idea of purchasing and selling used cars online, completely eliminating the need to haggle with dealerships and car salesmen. But, there’s more to Carvana that you should know starting with its background. Carvana is actually the brainchild of a rather shady businessman and felon named Ernest Garcia II, who is the creator of the famous American dealership: Drivetime. After achieving success with Drivetime, Garcia the II threw all of this automotive might and resources into his son’s new startup, Carvana, and that’s how Carvana was born. Putting aside its background, Carvana also has several allegations regarding poor-quality cars, lacking registrations, and high markups. This video explains the dark side of Carvana and why the stock just crashed 99%.

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Timestamps:
0:00 - The State Of Carvana
2:18 - Controversial Origins
5:28 - Controversial Success
8:58 - Controversial Fall

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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