Why Carvana's Sales Growth Is About to Skyrocket
You would think a deadly pandemic might put a damper on big-ticket purchases like car sales. And you'd be right. But not if you're talking about used cars -- and especially not if you're talking about online sales of used cars.
Carvana (NYSE: CVNA), the pioneer of selling used cars entirely online, is seeing unprecedented demand growth as more consumers flock to the online car-buying experience.
The problem is that Carvana doesn't have enough cars to sell. But as the company ramps capacity, it should see sales growth accelerate sharply from its recent pace. Here's the situation.
Source Fool.com