Hyperdrive

Used Cars From Vending Machines Makes Dad, Son Billionaires

Carvana stock widely shorted despite doubling since 2017 IPO
Skeptics concerned about mounting losses, auto-loan sales

A Carvana vending machine in Frisco, Texas. — A Carvana vending machine in Frisco, Texas.Photographer: Laura Buckman/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Take our Survey

By Neil Weinberg and Tom Metcalf

April 15, 2019 at 9:00 AM UTC

Updated on

April 15, 2019 at 2:58 PM UTC

Everyone hates used-car salesmen.

Everyone except maybe shareholders of Carvana Co., the online upstart that sells cars out of vending machines.