Renaissance Capital logo

Carvana Priced, NYSE: CVNA

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

Industry: Technology

First Day Return: -26.0%

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.

Carvana (CVNA) Performance

Created with Highcharts 10.3.2Chart context menuCVNA vs. IPO Index (IPOUSA)Jul '17Jan '18Jul '18Jan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '250%+ 100%+ 200%-100%+ 300%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index