Interesting to note this comment;
"The company has never logged an annual profit over its 10 years of existence, preferring instead to plow cash flow into expansion."
That and those STUPID vending machines. Those things are a gimmick. What do you think those things cost to build and maintain? Maybe if they sold cars on an asphalt lot with a modest sales building they would be doing better.
And the story continues and says this;
"Earlier this year, Carvana announced plans to buy ADESA U.S., a vehicle-auction business, for $2.2 billion. The company has announced no changes to that plan."
So, they haven't been profitable in 10 years, yet they still spend $2.2B on expansion.
Tell me fellow peons, how many of us would be bankrupt and homeless if we managed our personal finances like Carvana?