Cnbc
@cnbc·4.2M subscribers·16.1K videos
What Happened To Carvana?
Posted
December 20, 2022
Views
1,310,694
Likes
10,325
Comments
1,143
Engagement
0.87%
December 20, 2022
1,310,694
10,325
1,143
0.87%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Throughout the coronavirus pandemic, several factors propelled Carvana’s business forward. At its peak in August 2021, the online used car retailer reached a market capitalization of around $60 billion. By the end of the year, it was ranked just behind behemoth CarMax as having sold the largest number of used vehicles that year. Carvana even became one of the youngest companies to make the Fortune 500 list. But since then, Carvana has struggled. The company’s future now seems in question, as it faces ever increasing competition and an uncertain economic outlook plagues consumers.
Chapters:
Produced by: Magdalena Petrova
Supervising Producer: Jeniece Pettitt
Editorial Support: Michael Wayland
Graphics: Jason Reginato
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
What Happened To Carvana?
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
