Friday, April 28, 2017

Carvana Prices IPO

Carvana, the online used car retailer whose biggest market is Texas--and which has its "car vending machines" spread across the state, has priced its IPO and will debut today on the New York Stock Exchange. Carvana priced its IPO at $15.00 per share, at the midpoint of its $14.00 to $16.00 estimated IPO range, and will start trading this morning as CVNA on the New York Stock Exchange. Carvana's major markets are all in Texas, with its "car vending machines" in Dallas, San Antonio, Austin, and Houston.