Sayonara Carvana
Carvana’s revenue rose 101% in 2019, grew 42% in 2020, even as the COVID-19 pandemic disrupted traditional dealerships, and soared 129% in 2021.
However, in the first nine months of 2022, Carvana’s revenue only grew 19% year-over-year to $10.8 billion, as the market demand for used vehicles cooled off. Despite this slowdown in growth,