Large investor in Carvana buys $2.9 million in additional shares
Spruce House Partnership LP, who already control 10% of shares at Carvana Co (CVNA), bought 100,000 additional shares of the company’s common stock on Jan 3. At $29.71 per share, Spruce House Partnership LP paid a total of $2,970,990 for the new shares.
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About Carvana Co. Class A
Carvana Co is an eCommerce platform for buying used cars. It provides a wide selection, great value and quality, transparent pricing and a simple, no-pressure transaction. Each element of business, from inventory procurement to fulfillment and overall ease of the online transaction, has been built for this singular purpose. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues, which includes commissions on VSCs, gains on the sales of automotive finance receivables, interest income received on finance receivables and delivery fee revenues.