Carvana re-entered the upwards channel Carvana has been on a steady upwards trend since COVID hit and the government started handing out stimulus checks. Not only that but a lot of car manufacturers aren't even making new cars this year, raising the demand for used cars and along with the price. I have personally seen this, this year alone according to kelly blue book my car has gained 4k in value and is almost worth the price I paid for it 2 years ago with 20k fewer miles. One other benefit for this company is that transactions are done entirely online and the car is delivered to your doorstep on a flatbed. For anyone unfamiliar with this company they only sell used cars. Carmax would be their biggest competitor but with COVID having to limit restrictions on people being outside this is the perfect time for Carvana to establish their dominance in this market.
