Tue. Apr 23rd, 2019

Selling Cars From Vending Machines Makes Dad, Son Billionaires

Carvana, billed as the Amazon of used cars, captured investors’ imaginations. By September 2018, it had shot to a record high of $70.82. Then, gravity took hold: the company’s losses kept piling up, and its shares tanked, falling to about $30 in mid-December.

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