they needed inventory at any price until the ceo’s cash out
thats how it can be
Ernie Garcia II, the billionaire father of used car dealership Carvana’s CEO, has sold more than $3.6 billion of company stock since October — raising eyebrows over whether the ownership structure of the firm gives the family too much control.
Yeah - six months (and four price reductions) after i sold them the car one of their marketplace partners sold it for $800 less than they paid me.
And based on how little time they spent inspecting the car (near zero) i would be very reluctant to buy a car from them.