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Tempe, Arizona-based Carvana Co. (CVNA) operates an e-commerce platform for buying and selling used cars. Valued at a market cap of $70.4 billion, the company provides vehicle acquisition, inspection, and reconditioning; an online search and shopping experience; financing; complementary products; and a logistics network, among other services.
Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” CVNA fits squarely in that category, with a market cap above this threshold that reflects its size and influence in the auto and truck dealerships industry.
