The automobile e-commerce platform Carvana, known for its 10-plus-storey-high car vending machines, debuted on the recent Fortune 500 at No. 483, ranking as one of the fastest-growing tech companies on the prestigious list.
Carvana is one of the youngest companies to make the 2021 Fortune 500 List, only Amazon and Google made it to the Fortune 500 faster.
“Since day one, Carvana’s core values have guided our decisions. Through a constant focus on our customers, technology and innovation, we operate with shared core values, setting a new automotive retail standard for how customers should be treated: with care, honesty and respect,” said Carvana founder and chief executive Ernie Garcia, Carvana.
Carvana said its revenue has grown from $4.6 million in revenue in 2013 to $5.587 billion in 2020, a more than 1,000% growth rate in an eight-year period. The company employs over 10,000 people.
Carvana customers have the option to pick up their purchased vehicle at the company’s Car Vending Machine. To operate, the customer drops a custom coin, which they receive upon arrival, into the vending machine’s coin slot to activate the automated vehicle delivery system.
