Why This One Stock Could Bring Life-Changing Returns
Carvana (NYSE: CVNA) developed a better way to sell used cars and is rapidly disrupting the used car retail industry. The whole idea of buying a used car online without ever having seen it before sounded at first like a crazy idea, but Carvana's mind-boggling success has proven it is the future of used car retailing. If the company continues to grow and can achieve its long-term profitability targets, Carvana could deliver life-changing returns for shareholders.
Carvana is only a seven-year-old company, yet it is already the third-largest used car retailer in the United States. The company launched its innovative model in Atlanta in 2013, has grown revenues at a triple-digit pace for six straight years, and is now operating in 161 markets across the country. Those markets cover 69% of the U.S. population so far, and should further expand to cover 73% to 75% if management's projections prove accurate.
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Source Fool.com
