About Carvana
Carvana is a company based in Phoenix (United States) founded in 2012.. Carvana has raised $460 million across 6 funding rounds from investors including Ally and Vanguard. The company has 17,400 employees as of December 31, 2024. Carvana has completed 3 acquisitions, including ADESA, Car360 and Carlypso. Carvana operates in a competitive market with competitors including CarGurus, CarLotz, Vroom, Copart and Cars.com, among others.
- Headquarter Phoenix, United States
- Employees 17400 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carvana Co.
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Annual Revenue
$13.67 B26.94as on Dec 31, 2024
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Net Profit
$210 M-53.33as on Dec 31, 2024
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EBITDA
$1.31 B355.4as on Dec 31, 2024
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Total Equity Funding
$460 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Ally
& 1 more
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Employee Count
17400
as on Dec 31, 2024
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Investments & Acquisitions
ADESA
& 2 more
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IPO & Listings of Carvana
Carvana is a publicly listed company on the NYSE with ticker symbol CVNA in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Carvana
Carvana has successfully raised a total of $460M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(20 Oct 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - Carvana | Valuation |
investors |
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| Nov, 2018 | Amount | Post-IPO - Carvana | Valuation |
investors |
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| Apr, 2018 | Amount | Post-IPO - Carvana | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carvana
Carvana has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ally and Vanguard. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management services are offered to investors worldwide.
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Founded Year | Domain | Location | |
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Banking, auto finance, investment, and insurance services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carvana
Carvana has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ADESA, Car360 and Carlypso. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Augmented reality vehicle imagery solutions for automotive dealerships.
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2015 | ||||
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Used cars are sold online via a fee-based dealership model.
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2013 | ||||
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Vehicle auctions and remarketing services are provided for automotive clients.
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1991 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Carvana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carvana Comparisons
Competitors of Carvana
Carvana operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CarGurus, CarLotz, Vroom, Copart and Cars.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used cars are listed and analyzed on an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carvana
Frequently Asked Questions about Carvana
When was Carvana founded?
Carvana was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Carvana located?
Carvana is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
Is Carvana a funded company?
Carvana is a funded company, having raised a total of $460M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $15.2M, raised on Oct 20, 2015.
How many employees does Carvana have?
As of Dec 31, 2024, the latest employee count at Carvana is 17,400.
What is the annual revenue of Carvana?
Annual revenue of Carvana is $13.67B as on Dec 31, 2024.
What does Carvana do?
Founded in 2012 and headquartered in Phoenix, United States, Carvana operates in the automotive retail sector as an online platform for pre-owned cars. Vehicles are browsed by users according to models, brands, body styles, and locations. Personalized financing is provided, along with tools for loan calculations and estimated vehicle values. The service facilitates direct purchases without physical dealership visits.
Who are the top competitors of Carvana?
Is Carvana publicly traded?
Yes, Carvana is publicly traded on NYSE under the ticker symbol CVNA.
How many acquisitions has Carvana made?
What is Carvana's ticker symbol?
The ticker symbol of Carvana is CVNA on NYSE.
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